Tuesday, 15 May 2012

German Economy Returned to Growth in the First Quarter

Economic Newsflash

 The German economy returned to growth in the first quarter. Gross domestic product  (GDP) rose seasonally adjusted by 0.5% from the previous quarter Q4 2011. The figure was higher than the 0.1% experts had estimated, according to a report by Barclays Capital. Compared with first-quarter 2011, the German economy rose 1.7%, the Federal Statistics Office reported on Tuesday. In the fourth quarter 2011, German GDP had declined 0.2% from the third period, its first drop since 2009. Europes biggest economy is more robust again mainly supported once again by exports but also private sector spending.

Supported by the economic development the German Property Market remains a top destination for International Investors.

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