Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Advertisement

Germany growth solid despite potential problems ahead

Germany growth solid despite potential problems ahead
Copyright 
By Mark Armstrong
Published on
Share this article Comments
Share this article Close Button
Copy/paste the article video embed link below: Copy to clipboard Copied

Latest data shows the German economy in good shape despite the prospect of more trade tariffs and Brexit

ADVERTISEMENT

Despite the headwinds of potential trade wars and Brexit, all sectors of the German economy grew in the second quarter of 2018, according to the latest data.

Investment in state spending and construction saw the strongest growth with both up 0.6 percent quarter-on-quarter, while private consumption grew for the sixth quarter in a row.

The federal figures equate to an overall growth of 0.5 percent and confirm Europe's largest economy is increasingly reliant on domestic drivers. Germany's economy has traditionally been dominated by exports but that sectors prominence has declined in recent times. However despite the threats to global trade the country's exports sector still remains relatively strong

Go to accessibility shortcuts
Share this article Comments

Read more