Record economic growth for Germany

Germany recorded an economic growth of 2.2% in the second quarter of 2010. This is the fastest growing economy ever recorded for the past 20 years and the highest since German reunification.

Other Eurozone economies recording a growth in the same period were France at 0.6% and Spain at 0.2%. Italy’s economic growth remained constant at 0.4% as in the previous quarter, whereas Greece saw a drop of 1.5%.

The main factors attributed to Germany’s impressive results were a strong construction industry, exports and the weakening of the Euro.

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