CCTV.com - CNTV English - CCTV News

Germany sees 2.2% GDP growth in Q2

08-25-2010 10:59 BJT

Surging exports and a return to growth in consumer spending powered the German economy to record expansion in the second quarter, producing a broad-based recovery that puts Europe's largest economy ahead of its peers.

The 2.2 percent increase in gross domestic product was the fastest quarterly growth rate seen in 2 decades. Consumer spending grew over the quarter for the first time in a year. It grew by 0.6 percent on the quarter.

The return to growth in private consumption suggests the economy could keep expanding in the second half of the year, even if the expansion in exports fades, as economists widely expect.

The resumption of growth in private spending followed criticism by some countries, including France, that Germany hasn't done enough to stimulate domestic demand, from which its peers' exports could benefit.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program