German economy grew by 1.9 per cent in 2016, strongest in five years

Thursday 1438/4/14 - 2017/01/12
  • Share on Google+

Berlin, Rabi'II 14, 1438, January 12, 2017, SPA -- The German economy grew by 1.9 per cent in 2016, the
Federal Statistics Office announced Thursday, posting the strongest
growth in five years for Europe's largest economy, dpa reported.
German gross domestic product (GDP) grew by 1.7 per cent in 2015.
The data signals that Germany's economy has rebounded from the shock of Britain's vote to exit the European Union in June. GDP slowed to 0.2 per cent in the third quarter in the wake of the referendum.      Analysts had predicted GDP growth of between 1.7 and 1.9 per cent.
The Federal Statistics Office also reported a fiscal surplus of 0.6 per cent of GDP in 2016.
13:14 LOCAL TIME 10:14 GMT