German Momentum Gives Another Lift to Europe's Economic Outlook
- Gross domestic product increased 2.2 percent in 2017
- Euro-area industrial production beat estimates in November
ECB Must Revise Language by Spring, Says Gilles Moec
This article is for subscribers only.
The German economy’s solid 2017 performance extended into the final three months of the year, with growth of about half a percent.
The expansion, based on estimates from the statistics office, tops off a year that saw the fastest growth since 2011 and investment join private consumption as a growth driver. That sets the euro area’s largest economy up well for 2018, which is further good news for the currency region, already enjoying the strongest expansion in a decade.