Germany's Economy Grew 3 Percent In 2011

A growth of 3 percent is not bad, given all the European turmoil. But there's a downside in the report. It shows the German economy shrinking a bit at the end of 2011.

Copyright © 2012 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

DAVID GREENE, BYLINE: In NPR's business news, we're tracking Europe's efforts to avoid recession.


GREENE: If Europe's economy should slide further, the European debt crisis would only get worse, and it could be hard to contain the effects on the United States. So it's a somewhat hopeful sign that the strongest economy in Europe grew in 2011. A new report says Germany's economy grew by 3 percent. Not bad, given all the European turmoil.

The downside is, the same report shows the German economy shrinking a bit at the very end of last year. And the wider European debt crisis is still far from being resolved.

Copyright © 2012 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.