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German GDP grew 1.7% in 2015, strongest rate in 4 years
[BERLIN] The German economy expanded by 1.7 per cent in 2015, a slight improvement on the previous year and the strongest rate in four years, a preliminary estimate from the Federal Statistics Office showed on Thursday.
Europe's largest economy is benefiting from strong private consumption and higher state spending, compensating for a weaker contribution from trade amid a slowdown in emerging markets.
Economists polled by Reuters had expected growth in gross domestic product (GDP) of 1.6 per cent for 2015.