Wednesday 12 January 2011

German economy grows at fastest pace since reunification

Telegraph
"Germany's swift recovery has made it a standout in the 17-nation eurozone, where smaller economies such as Ireland, Greece and Portugal have been struggling with huge debts.

"We grew twice as fast as the European Union average," said Economy Minister Rainer Bruederle, who had forecast growth of 3.4pc. The figures show that "people are rightly looking optimistically into the future," he added.

A key trigger for the strong recovery was powerful growth in exports into a recovering world economy — a 14.2pc gain last year reversed a 14.3 percent decline in 2009. Germany is the world's second-biggest exporter after China. "

No comments: