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German growth slows less than forecast in Q2 as exports pick up

GDP up by seasonally-adjusted 0.4%, signals economy can handle fallout of Brexit vote

CAUTIOUSLY OPTIMISTIC: Siemens raised its earnings outlook for the second time this year, even as chief executive officer Joe Kaeser warned that political upheaval in countries like the UK risks damping orders.


GERMAN growth slowed less than analysts predicted in the second quarter, signalling that the region's largest economy may be robust enough to handle the fallout from Britain's decision to leave the European Union (EU).

Gross domestic product rose a seasonally-adjusted 0.4