German economy accelerates

According to analysts; Germany is moving towards a real economic miracle, since the German economy grew with a larger-than-expected pace of 1.5 percent for in the first quarter, compared to the previous quarter, according to the seasonally adjusted indicator.

In the first quarter, on an annual comparision, without seasonal adjustment, European Union's largest economy increased by 5.2 percent – states Destatis, the federal statistics office, on Friday.

Destatis reported, that the acceleration of the growth rate had been helped by investments, the construction industry and increasing consumption. Exports continue to be an important factor, but its growth became moderated – shows the report of the Statistical Office – writes hirszerzo.hu.