Posted on August 22, 2011

Growth in the German economy slowed unexpectedly in the second quarter of this year.  German GDP only increased by 0.1 percent in the quarter to June compared with the previous quarter.

Although exports and investment made a positive contribution, imports grew more than exports so the balance of trade became less favourable. ¬†Surprisingly, Italy was the best performer of the Eurozone’s big economies, showing growth of 0.3%.

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