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5/18/08

DW: German Economy Powers Ahead

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German Economy Powers Ahead

Experts are predicting that economic growth will slip this year. They cite the financial crisis, high oil and gas prices and the expensive euro. But the German economy is currently quite robust -- perhaps even more robust than many experts think. The surprisingly strong jump in economic activity during the first quarter is evidence of this. While gross domestic product increased by only 0.3 percent in October, November and December, it rose by 1.5 percent in the first three months of 2008. That is an amazing increase that however shouldn't lead to hasty conclusions. A closer look reveals the reasons for the unexpected growth, as well as the markers that will influence further developments.

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