German economy to keep strong trend in 2015


(MENAFN) German central bank said the country's economy is forecast to keep its growth trend in the first half of 2015 and continue to expand as strongly as 2014-end, Xinhua reported.

The economy expanded 0.7 percent in the final quarter of 2014 on strong private consumption, after it narrowly avoided a recession during the summer months, lifting the full-year growth to 1.6 percent.

"The German economy is likely to increase strongly in the first quarter of 2015 following a surprisingly strong expansion at the end of 2014," Bundesbank, Germany's central bank said.

It added that "the vigorous economic upturn" would continue in the second quarter, driven by foreign trade, private consumption and, to a lesser extent, house construction.


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