Pursuits
German Growth Surprise Driven by Domestic Demand
This article is for subscribers only.
German economic growth accelerated at the end of last year while France’s slowed, signaling that the euro-area recovery remained uneven as the European Central Bank prepared to pledge unlimited quantitative easing.
German gross domestic product surged 0.7 percent in the fourth quarter after expanding 0.1 percent in the previous three months, the Federal Statistics Office in Wiesbaden said today. The French economy grew 0.1 percent after 0.3 percent in the July-September period. Analysts surveyed by Bloomberg News predicted fourth-quarter growth of 0.3 percent and 0.1 percent, respectively.