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Domestic spending boosts German economic success

2015-01-15 18 Dailymotion

The German economy grew by 1.5 percent in 2014, the biggest jump in more than three years boosted by healthy domestic spending and a continuing strong presence in the export markets.<br /><br /> Despite the crisis in Ukraine and a weak eurozone German unemployment remains low, employment at a record high and with money in the pocket the Germans spent.<br /><br /> The Federal Statistical Office marks that German business has been investing heavily in upgrading machinery and equipment.<br /><br /> Household spending is up 1.1 percent.

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