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German economy grows 0.3 percent in Q2

February 16. 2013 4:12PM
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(AP) The Federal Statistical Office says Germany's economy, Europe's largest, grew 0.3 percent in the second quarter despite the eurozone's woes.

The office said Tuesday that the economy was helped by both consumer consumption and the balance of exports and imports.

The growth was slightly higher than the 0.2 percent gain in gross domestic product predicted by many economists, but still represents a slowdown from the 0.5 percent growth in the first quarter.

The government is predicting overall growth of 0.7 percent this year, though others are forecasting slightly more robust gains.

Associated Press

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