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Germany defies global slowdown in 2015 with 1.7% GDP growth

Record employment, rising wages and expansionary monetary policy fuel domestic consumption
Friday, January 15, 2016 - 05:50
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Spending by Germans has become the driver of economic growth and exporters are shifting their attention from slowing emerging markets to recovering developed nations.

Frankfurt

GERMAN economic growth accelerated in 2015 as record employment and expansionary monetary policy fuelled domestic consumption at a time of weakening global trade.

Gross domestic product (GDP) rose 1.7 per cent after a gain of 1.6 per cent in 2014, the Federal Statistics