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World economies   Germany expanded at the fastest rate in five years

Germany overtakes UK as fastest-growing G7 economy

Angela MerkelGermany overtook the UK as the fastest growing among the G7 states during 2016.

Europe’s largest economy expanded at the fastest rate in five years, showing growth of 1.9% last year.

READ MORE Philippine economy posts 6.8% growth in 2016 highest in ASEAN

The expansion pushed Britain into second place among the G7 industrialised nations, after the Office for National Statistics revised down annual UK growth to 1.8%, from an initial estimate of 2%.

In the final quarter of 2016 Germany’s economy grew by 0.4%, improving on 0.1% growth in the third quarter.

It was fuelled by domestic demand as government and consumer spending rose.




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