‘Poor But Sexy’ Berlin Economy Outstripping Germany, DIW Says
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Berlin, dubbed “poor but sexy” by Mayor Klaus Wowereit, outperformed the rest of Germany in economic terms over the past five years as the capital bucked the national trend and attracted new residents, a study showed.
Berlin’s gross domestic product grew almost 1.75 percent on average between 2004 and 2009, more than three times the 0.5 percent seen in Germany as a whole, the Berlin-based DIW economic institute said today in an e-mail. Hamburg, Germany’s second-biggest city, which is also the richest of the country’s 16 states, barely managed to beat the German average.