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Private consumption drove German growth of 1.5% in 2014

Published Thu, Jan 15, 2015 · 09:50 PM
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Berlin

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 economic environment, benefiting especially from a strong domestic demand," Roderich Egeler, president of the statistics office said at a press conference in Berlin on Thursday.

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