German economy grew by 2.5 percent in 2007: data
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The German economy grew by 2.5 percent last year, provisional figures released on Tuesday by the national statistics office Destatis showed.
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The German economy, the biggest in the 12-country eurozone, appears to have just scraped past its third recession in just four years at the end of 2004, official data showed.
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Like-for-like rise of around 5% on previous year.
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German economic growth will slow next year as foreign demand for goods and services cools and unemployment at a five-year high damps consumer spending, the country&#39;s six leading economic research institutes said.
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The British economy expanded by 2.9 percent during the first quarter of 2007 on a 12-month comparison, official data showed on Friday.
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The German economy chalked up its strongest performance in four years last year, thanks almost exclusively to booming global demand for German-made goods, official data showed.
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The German economy, the biggest in the 12-country eurozone, was teetering on the edge of its third recession in just four years at the end of 2004, but the outlook for this year is brighter with investor confidence on the rise, data showed.
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German Gross Domestic Product grew unexpectedly strongly in the second half of last year.
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China's economy grew 11.4 percent in 2007, its fastest expansion in 14 years, driven by a boom in exports and investment, but growth slowed slightly toward the end of the year, according to government data reported Thursday.
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Germany has slashed its public deficit to 1.7 percent of output in 2006 -- much lower than originally estimated -- thanks to the booming economy, official data showed on Thursday.
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The U.S. economy appears to be  getting on a sustainable growth path with GDP expected to grow  2.8 percent in 2007, and the risks of inflation are slightly  higher than those of an economic slowdown, according to a  survey of economists released on Monday.
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A German research institute lowered its economic growth outlook for Germany for 2005 on Tuesday, saying exports are expected to slow and domestic demand will not rise enough to make up the difference.
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Growth of the German economy, the biggest in the 12-country eurozone, is expected to slow to just 1.4 percent next year from 1.8 percent expected this year, the government's so-called &quot;Five Wise Men&quot; panel of independent economic advisors forecast.
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The German economy grew by a solid 2.5 percent last year, helped by strong exports, but a downbeat survey of investor confidence pointed to clouds on the horizon for Europe's biggest economy.
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FRANKFURT (Der Spiegel) - China's economy is continuing to expand at a blistering rate - with 11.5 percent growth in the third quarter of 2007. It is now poised to overtake Germany as the world's third largest economy within weeks and will soon also take Germany's crown as the world's biggest exporter. China's economy is continuing to surge ahead in double-digit growth figures and is due to overtake Germany as the third largest in the world within the next few weeks.  The country announced 11.5 percent growth for the third quarter of 2007, down on the 11.9 percent of the second quarter thanks to government efforts to cool the boom.
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The German government has said surging oil prices are on track to cut economic growth by about 0.25% this year.
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Germany's economy unexpectedly shrank in the final quarter of last year, dealing a blow to euro zone recovery hopes, preliminary German Federal Statistics Office data shows.