Comment on Strong German business, consumer morale boost hopes for growth

Strong German business, consumer morale boost hopes for growth

German business morale improved more than expected in May, reaching its highest level so far this year and suggesting Europe's biggest economy will extend its surprisingly strong start to 2016 into the next quarters. The German economy expanded by 0.7 percent in the first three months of the year, its strongest quarterly growth rate in two years, driven mainly by soaring private consumption and higher construction investment.

 

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