German GDP grows 3% in 2011 - News - Dukascopy Bank

Wed, 11 Jan 2012 14:23:53 GMT
Source: Marketwatch
 
© Scanpix/AFP
German GDP added 3% in 2011, surging most during in the first 6 months of the year, said the federal statistics office on Wednesday. The annual growth estimate matched the forecasts. Growth in European biggest economy decelerated from a record high expansion of 3.7% in 2010. Last year's surge in GDP was mainly driven by domestic demand as household consumption expanded by 1.5%.

 


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