Germany’s economy strengthens
Europe’s largest economy performed strongly during the early years of the eurozone crisis but only just managed to escape recession in early 2013, when a long, harsh winter dampened construction activity and exports were weak.
Heitzer said strong second-quarter growth was partly due to the construction industry catching up after the long winter.
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Hide AdGermany is due to release preliminary data on gross domestic product (GDP) on August 14 – five weeks before a federal election which is likely to see Chancellor Angela Merkel return to power. The consensus forecast in a Reuters poll is for GDP to expand by 0.6 per cent on the quarter.