Berlin. Germany’s economy rebounded last year at its fastest pace since reunification two decades ago.
However consumer spending stayed modest with just a 0.5 percent increase which was disappointing news for the region’s struggling economies hoping to boost their exports to Germany.
Gross domestic product grew by 3.6 percent – bouncing back from a 4.7 percent slump in 2009.
Economy Minister Rainer Bruederle said: “We grew twice as fast as the European Union average,” adding the figures show “people are rightly looking optimistically into the future.”
The Deputy Finance Minister Steffen Kampeter said that Germany’s success should show the euro zone that tight policy can help growth.
© 2011 Amiki d'Europu
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