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German Economy Expanded More Than Forecast in First Quarter

The German economy grew more than economists forecast in the first quarter as exports to emerging markets offset waning euro-area demand.

Gross domestic product in Europe’s largest economy rose 0.5 percent from the fourth quarter, when it fell 0.2 percent, the Federal Statistics Office said in Wiesbaden today. Economists predicted a 0.1 percent gain, according to the median of 40 estimates in a Bloomberg News survey. French GDP stagnated.