German GDP grows the fourth quarter by the increase in public spending – Investing.com Spain

BERLIN (Reuters) – Increased public spending and investments led to an increase of 0.3 percent of gross domestic product (GDP) German in the fourth quarter, enough to offset the weakness exports, data showed on Tuesday.

Confirming a preliminary forecast of growth, the Federal Statistics Office said that public spending contributed 0.2 percentage points of GDP in the period between October and December since authorities spent more on aid to refugees.

the investment contributed 0.4 percentage points, while trading represented a fall of 0.5 percent and exports fell 0.6 percent . in the fourth quarter

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