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Germany Grows At Its Fastest Pace In 20 Years

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Germany Grows At Its Fastest Pace In 20 Years

Business

Germany Grows At Its Fastest Pace In 20 Years

Germany Grows At Its Fastest Pace In 20 Years

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  • <iframe src="https://www.npr.org/player/embed/129171111/129171083" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Germany's gross domestic product was up more than 2 percent last quarter. That growth came in part from a surge in exports. The country has recovered from the economic crisis much faster than many other Euro-zone nations.

RENEE MONTAGNE, host:

NPR's business news starts this morning in Germany.

(Soundbite of music)

MONTAGNE: Europe's biggest economy grew at its fastest pace in 20 years. Germany's gross domestic product was up more than two percent last quarter. That growth came, in part, from a surge in exports. The country has recovered from the economic crisis much faster than many other nations in the eurozone.

STEVE INSKEEP, host:

But that may be in the past. Germany's government has argued that the world's major economies should stop using expensive stimulus measures to revive their growth. Instead, German leaders say the focus should be on cutting budget deficits.

The country's economy minister says that today's numbers vindicate Germany's approach so far.

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