Economics
German Consumers Help Deliver Faster-Than-Expected Growth
- Economy expanded 1.6% in second quarter vs 1.5% estimate
- Recovery driven mainly by private and government spending
Shoppers near Kurfuestendamm U-Bahn railway station in Berlin.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
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Strong consumer spending in Europe’s largest economy fueled a faster-than-expected recovery in the second quarter -- one that is now looking increasingly uncertain.