A robust rise in domestic demand overshadowed weak exports to drive a 0.3 percent expansion in the German economy in the third quarter, giving the government ammunition in its showdown with Brussels over euro zone trade imbalances.
The European Commission is investigating Germany’s persistently high current account surplus amid criticism that it relies too heavily on exports, yet Friday’s breakdown showed that net trade deducted 0.4 percentage points from third-quarter growth.
via <a href=”http://www.reuters.com/article/2013/11/22/us-germany-economy-idUSBRE9AL09O20131122?feedType=RSS&feedName=businessNews”>Reuters</a>
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