The Traderszone Network

Published in TZ Latest News 13 February, 2015 by The TZ Newswire Staff

German growth vaults expectations, France remains in doldrums

BERLIN/PARIS (Reuters) – Germany’s economy grew by a robust 0.7 percent in the last quarter of 2014, well above forecasts, while French economic activity continued to languish, official data showed on Friday. Domestic demand lifted Germany out of its mid-year lull and allowed it to achieve 2014 growth of 1.6 percent. The Statistics Office said a slow summer had been overcome with household spending picking up significantly. “Some spoke of possible recession after the summer but instead Germany rebounded.