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German economy grows by 1.5% in first quarter

German economy - Growth of 1.5% reported for first quarter
German economy - Growth of 1.5% reported for first quarter

The German economy grew by 1.5% in the first quarter of the year, according to seasonally corrected figures released today by the national statistics office.

The solid result by Europe's biggest economy was in part the result of strong domestic demand, the Destatis data showed.

The German economy has benefited over the past year from strong demand for machinery, cars and other goods from a recovering global economy.

It has not yet shown signs of being ruffled by debt troubles and anemic growth elsewhere in Europe.

Data released earlier this week showed that German exports and imports both rose in March to their highest monthly level since the country started keeping records in 1950.