Germany's economy grew by 0.4% in the 1st quarter. That's double the initial estimate
Briefly

The Independent emphasizes the need for on-the-ground journalism during pivotal moments in US history, covering crucial topics like reproductive rights and economic developments. Recently, Germany's economy unexpectedly grew by 0.4% in Q1, a revision spurred by robust exports and manufacturing, reflecting a potential shift after prior contractions. The government's economic panel anticipates stagnation in GDP growth for 2023, hinting at ongoing challenges. The balances between quality journalism and accessibility remain at the forefront, with The Independent affirming its commitment to free access to news amid financial support appeals.
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The German economy, Europe's biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing, official data showed Friday.
The last time Germany saw stronger growth was in the third quarter of 2022, when gross domestic product expanded by 0.6%.
In its first forecast since new Chancellor Friedrich Merz's government took office earlier this month, the government's panel of independent economic advisers predicted on Wednesday that GDP will stagnate this year and grow by 1% next year.
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