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Germany’s GDP rises in Q4

by ChemOrbis Editorial Team -
  • 14/02/2017 (14:37)
According to the data released by Eurostat, Germany’s economy continued to post a slight growth in the fourth quarter of 2016 following the previous quarters.

The data showed that the country’s seasonally and calendar adjusted GDP was up by 0.4% in Q4 of 2016 quarter-on-quarter on the back of the domestic demand and investment, following steady but moderate increases of 0.7% in Q1, 0.5% in Q2 and 0.1% in Q3. This pace of growth was slightly slower than the expected 0.5%.

The economy also grew on a yearly basis by 1.7% and stood slightly below the estimates of a growth by 1.8%.

The overall GDP for 2016 was up by 1.9%.

The growth in the economy was achieved by increases in general government final consumption expenditure, household final consumption and capital formation while foreign trade had a negative impact on the growth as the quarterly increase in imports was quite larger than that of exports.

Economists argue that the country’s economic growth in 2017 will depend on the domestic side. However, risks remain from the political uncertainties in the Eurozone and approaching elections in Germany.
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