POST Online Media Lite Edition



 

Germany overtakes UK as fastest-growing G7 economy

Staff Writer |
Germany overtook the UK as the fastest growing among the G7 states during 2016.

Article continues below






Europe’s largest economy expanded at the fastest rate in five years, showing growth of 1.9% last year.

The expansion pushed Britain into second place among the G7 industrialised nations, after the Office for National Statistics revised down annual UK growth to 1.8%, from an initial estimate of 2%.

In the final quarter of 2016 Germany’s economy grew by 0.4%, improving on 0.1% growth in the third quarter.

It was fuelled by domestic demand as government and consumer spending rose.


What to read next

India the fastest growing economy during global recession
India to be fastest growing economy in 10 years
Eurozone economy expands at fastest pace since May 2011