The German industry association BDI is confident that steady growth will continue in Germany. It says growth is mainly driven by historically low interest rates, the weak euro, and low oil prices.
German military spending fell last year, according to an analysis by the BDI industry association. The report comes amid pressure on NATO members to inject more funds into their armed forces.
Despite ongoing political uncertainty over the make-up of the next government, business and consumer confidence are hitting all-time highs in Germany according to the latest surveys from two influential observers.
Germany has recorded its strongest growth in six years and an annual budget surplus. While this sounds impressive, a lot needs to be done to see this success story continue, says DW's Henrik Böhme.
The German economy expanded by over 2 percent in 2017, beating results for the previous year despite fewer working days. The statistics office said growth was boosted by high employment and larger investments.
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