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WorldPosted at: Nov 23 2017 2:36PM


Brimming German economy well placed to ride out political uncertainty

BERLIN, Nov 23 (Reuters) Exports and rising business investments were the main drivers of growth for the German economy in the third quarter, data showed on Thursday, signalling that the robust upswing in Europe's largest economy will extend well into next year.
This should allay concerns about risks for the economy linked to Chancellor Angela Merkel's failure to form a coalition government after an election in September, which raised the possibility of a second vote that could boost the far-right.
Detailed gross domestic product (GDP) data showed that exports rose 1.7 percent on the quarter and imports rose 0.9 percent, which translated in net trade contributing half of the quarterly growth reading of 0.8 percent.
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