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Private consumption drove German growth of 1.5% in 2014

Germany, Europe's largest economy, is relying on domestic demand bolstered by record-low unemployment to fuel a recovery after it flirted with recession in the middle of the year.


PRIVATE consumption and trade fuelled a 1.5 per cent expansion of the German economy in 2014, its best performance in three years but a result which masked weakness in the final three quarters of the year.

"The German economy turned out to be strong in a difficult global...

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