Quarterly Report Germany I/2017

Steady growth in turbulent times. Solid prospects for 2017

The German economy grew by 1.9 percent in 2016. The strongest impetus for growth was provided by the domestic economy. Public spending increased by four percent. While capital investment in equipment rose only moderately, construction investment increased by three percent. This was the highest increase over the last five years. In 2017, economic output is estimated to grow by 1.5 percent in real terms.