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German economy grew by 1.9% in 2016

dpa logodpa 12/01/2017

Germany's economy grew by 1.9 per cent last year, signalling that it's rebounded from the shock of Britain's vote to exit the European Union in June.

The German economy grew by 1.9 per cent in 2016, the Federal Statistics Office has announced, posting the strongest growth in five years for Europe's largest economy.

German gross domestic product (GDP) grew by 1.7 per cent in 2015.

The data signals that Germany's economy has rebounded from the shock of Britain's vote to exit the European Union in June. GDP slowed to 0.2 per cent in the third quarter in the wake of the referendum.

Analysts had predicted GDP growth of between 1.7 and 1.9 per cent.

The Federal Statistics Office also reported a fiscal surplus of 0.6 per cent of GDP in 2016.

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