Germany’s GDP picks up in Q2
Print Edition
GERMAN economic growth picked up in the second quarter of 2015, and the public finances of Europe’s economic powerhouse were firmly in the black in the first half, data showed yesterday.
German gross domestic product rose by 0.4 percent in the period from April to June, up from 0.3 percent in the first quarter, the federal statistics office Destatis said, confirming a flash estimate released earlier this month.
At the same time, Destatis calculated that Germany’s finances were firmly in the black, with the federal, regional, municipal and welfare budgets running up a combined surplus of 21.1 billion euros (US$24.4 billion) in the period from January to June.
That is equivalent to 1.4 percent of GDP, according to Destatis.
Germany’s public finances “continued to profit from the favorable employment situation and positive growth, as well as moderate spending,” Destatis said.
But Destatis warned against extrapolating the first-half figures to the year as a whole, as the budget surpluses tended to be lower in the second half of the year.
Under European Union rules, member states are not allowed to run up budget deficits of above 3 percent of overall output, but Germany’s finances were in surplus last year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
