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Germany Confirms Breathtaking Growth; Can It Be Maintained?

Posted 08-24-2010 at 10:14 AM by DailyFX

Second quarter growth in Germany was confirmed at 2.2% this morning as exports and investment fueled Germany’s record breaking economic growth.

A breakdown of the data showed that exports rose 8.2% from the first quarter, however this record growth may be hard to maintain when so reliant on exports as slowdowns in China and US economies are likely to weigh on demand for foreign products.

Growth should remain strong in the second half of 2010 but we are unlikely to see...
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