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

Warsaw

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 per cent in the three months through June, the Federal Statistics Office in Wiesbaden said on Friday. That's twice the rate forecast in a Bloomberg survey of economists and follows growth of 0.7 per cent in the first quarter.