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German economy gained momentum at start of 2017 - economy ministry
April 12, 2017 / 8:16 AM / 7 months ago

German economy gained momentum at start of 2017 - economy ministry

BERLIN (Reuters) - The German economy, Europe’s largest, picked up speed at the beginning of this year, lifted by a robust industrial sector and rising employment that is supporting private consumption, the Economy Ministry said on Wednesday.

A long-exposure picture shows a container ship, at a loading terminal, in the harbour of Hamburg, Germany April 6, 2017. REUTERS/Fabian Bimmer

“The German economy’s rate of expansion accelerated somewhat in the first quarter,” the ministry said in a statement.

In the final three months of 2016, the economy grew by 0.4 percent.

Writing by Paul Carrel; Editing by Joseph Nasr

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