German federal, state and local authorities posted a total budget surplus of almost 24 billion euros last year.
The German government reported a record half-year surplus, even though the overall economy slipped back a gear in the second quarter after a solid gain in domestic demand failed to offset weaker trade.
A panel of experts advising the German government on its economic policy has forecast the biggest GDP growth rates yet for the country for this year and next. But their optimism comes with a stern warning.
Germany exported significantly more goods in August than it imported as the country’s economy continues to show all the signs of powerful growth in the third quarter, easing fears about a strong euro impacting trade.
A refugee who was fitted with an electronic ankle tag monitor following violent behavior has been barred from Germany after leaving the country. Police had dropped an investigation into whether the man posed a threat.
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