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- German GDP grew more than expected in the second quarter
German GDP grew more than expected in the second quarter
Reuters reports that according to the report from the Federal Statistics Office, private consumption and state spending drove a stronger-than-expected economic recovery in Germany in the second quarter following an easing of COVID-19 curbs.
Gross domestic product grew by 1.6% on the quarter from April to June adjusted for price, seasonal and calendar effects, the office said, slightly up from its previous estimate of 1.5% GDP growth.
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