![German economy grows at better than expected rate](https://photo-cdn.urdupoint.com/media/2016/08/_2/740x404/pic_1472036928.jpg)
German Economy Grows At Better Than Expected Rate
Fakhir Rizvi Published August 24, 2016 | 04:08 PM
![German economy grows at better than expected rate](https://photo-cdn.urdupoint.com/media/2016/08/_2/740x404/pic_1472036928.jpg)
FRANKFURT, (UrduPoint / Pakistan Point News -24th Augst,2016) : Strong foreign trade and buoyant consumption drove Germany's economy, Europe's largest, to better-than-expected growth in the second quarter, Federal statistics office Destatis said on Wednesday. Gross domestic product (GDP) grew by 0.
4 percent between April and June, adjusted for seasonal, Calendar and price effects -- twice as fast as analysts surveyed by Factset predicted.
However, the final figure, which confirmed a preliminary Destatis reading earlier in August, represented a slow-down from the unexpectedly strong 0.7-percent expansion in the first quarter.
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