German economy, Europe's largest, posts 0.6 pct 2Q growth

The German financial system, Europe’s largest, continued its robust efficiency within the second quarter with gross home product rising zero.6 % over the earlier quarter.

The Federal Statistics Workplace stated Tuesday the GDP progress adopted an upwardly revised zero.7 % progress within the first quarter, in line with figures adjusted for seasonal and calendar variations.

The figures might bolster Chancellor Angela Merkel’s re-election marketing campaign, which has targeted on Germany’s report-low unemployment, balanced finances and powerful financial system. She’s in search of a fourth time period in September.

ING economist Carsten Brzeski says “although some type of a slowdown from present progress charges seems to be virtually inevitable” many indicators level to extra progress forward and there is “little cause to worry a sudden finish to the present efficiency.”

He says “Germany’s financial success story goes on and on and on.”

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