Economics
Faster German Growth Buoys Draghi's Firming Euro-Area Pickup
- Economy expands 0.6%, Draghi has acknowledged momentum
- Spiegel reports ECB could signal policy shift from mid year
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German economic growth accelerated to the fastest pace in a year last quarter, underpinning assessments by Mario Draghi and the European Commission that the region’s recovery is getting stronger.
The 0.6 percent expansion, up from 0.4 percent in the previous three months, was helped by a surge in investment, a slight increase in consumer spending and a pickup in exports. Sentiment surveys signal that Europe’s largest economy maintained momentum at the start of the second quarter.