Germany - Europe's Comeback Kid!

The German economy has staged an impressive comeback in the first quarter. According to a first estimate of the statistical office, the Eurozone's biggest economy grew by 0.5% QoQ, from -0.2% in 4Q 2011. Compared with 1Q 2011, this is an increase of 1.7%.

The decomposition of growth will only be released at the end of the month but according to the press statement of the German statistical office and available monthly data, exports should have been the main growth driver. Consumption could have also added to growth, while investment should have been down. Read More...