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Eurozone economy accelerates thanks to German 'thunderbolt'

GERMAN GROWTH: Shoppers browsing at a gift shop in Mannheim, Germany; domestic demand has lifted Germany out of its mid-year lull and allowed it to achieve 2014 growth of 1.6 per cent.


EUROZONE economic growth accelerated unexpectedly in the final quarter of 2014 as the bloc's largest member, Germany, expanded at more than twice the expected rate.

A preliminary estimate showed that the economy of the 18 countries sharing the euro expanded by 0.3 per cent