German GDP grows less than expected in Q4 2016Staff Writer | February 14, 2017
The German economy grew less than expected in the fourth quarter, according to data released by Destatis.
German economy Gross domestic product rose 0.4%
Growth was driven by a pickup in domestic demand, as government spending rose significantly from the third quarter, while construction investments were also strong.
Net trade was a drag however, as imports grew more than exports.For 2016 as a whole, the growth rate was confirmed at 1.9%, marking the strongest rate in half a decade. ■