Market comment - German economy posts strongest growth since 2010

Davy Research
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This morning’s German GDP surpassed expectations, revealing that growth was 0.6% on the quarter in Q4. That means growth for the calendar year was 2.5%, up from 1.9% in 2016 and the fastest pace of growth since 2010. Looking ahead, surveys suggest that growth in Europe’s largest economy has accelerated at the beginning of 2018, with the PMI reaching a near-seven-year high, while mooted tax cuts and social spending increases in the new coalition agreement will boost household spending power.