Tags: EU | Germany | Economy

Government Spending Boosted German Economy in Fourth Quarter

Friday, 12 February 2016 05:28 AM EST

FRANKFURT, Germany (AP) — The German economy grew 0.3 percent in the fourth quarter from the quarter before thanks to higher consumer and government spending.

Those domestic factors offset a downward effect from Germany's typical strength, foreign trade.

The largest of the 19 economies that use the euro currency weathered headwinds from an economic slowdown in China and from turbulent financial markets.

The state statistics service said Friday that "positive contributions were made by domestic demand" and that government spending was "markedly up." At the same time, trade made less of a contribution as exports fell.

For 2015 as a whole, the German economy grew by 1.7 percent.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The German economy grew 0.3 percent in the fourth quarter from the quarter before thanks to higher consumer and government spending.Those domestic factors offset a downward effect from Germany's typical strength, foreign trade.The largest of the 19 economies that use the...
EU,Germany,Economy
107
2016-28-12
Friday, 12 February 2016 05:28 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved