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Thursday, August 12, 2010

German Economy 2010



German economy grows by 2.2%.

The German economy grew by 2.2% in the three months to the end of June, its fastest quarterly growth in 20 years, official figures show.

"Such quarter-on-quarter growth has never been recorded before in reunified Germany," the national statistics office, Destatis, said.

The main reason for the higher-than-expected growth was strong exports, helped by a weaker euro.

Growth figures for the rest of the eurozone will be published later.

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