Following the results of the IV quarter 2014, economic growth in Germany amounted to 0.7 percent, which is 0.1 percent higher than the corresponding value in the III quarter 2014. Such statistical data published by the Federal Statistical Office, Destatis.
Final results coincided with preliminary estimates and forecasts of economists who participated in the Bloomberg survey.
German GDP growth during October-December last year, reached 1.4 percent - a figure that just coincided with analysts’ forecasts.
Consumer spending in the country, during the reporting period, increased 0.8 percent, and this figure is 0.1 percent higher than previously reported.
Investment injection in the construction sector of the country grew 2.1 percent. Export volume for the specified time increased 1.3 percent, import – 1 percent.
It is necessary to add that the level of German GDP in the current year will add 1.5 percent, and by the end of the next year – 2 percent, according to the European Commission’s forecast.
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