January 21st, 2017

German economy grew 1.9 pct in 2016, slightly above forecast


By The Associated Press on January 12, 2017.

The Brandenburg gate can be seen through the window of a car during snowfall in Berlin, Germany, Wednesday, Jan. 11, 2017. (Sophia Kembowski/dpa via AP)

BERLIN – Official data show that the German economy, Europe’s biggest, grew by 1.9 per cent last year.

The figure released Thursday by the Federal Statistical Office was slightly better than Germany’s performance in the previous two years, and also a bit above the 1.8 per cent growth that the government and economists had forecast. Gross domestic product increased by 1.7 per cent in 2015 and 1.6 per cent in 2014.

The office didn’t immediately offer an estimate for fourth-quarter growth. An official quarterly growth figure is due next month.


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