German Economic Growth Slightly Slower Than Expected in 2017

By Todd BuellFeaturesDow Jones Newswires

Germany's economy last year grew at a slightly slower pace than anticipated, but still at a robust clip, data from the country's statistics office showed Thursday.

The statistics office said at a press briefing in Berlin that the German economy grew at a pace of 2.2% last year. Economists polled by The Wall Street Journal last week expected growth at 2.3%.

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The data also showed that Germany continued its recent trend of very strong fiscal health, earning a budget surplus in 2017 of 1.2% of gross domestic product.

Christian Grimm in Berlin contributed to this article.

Write to Todd Buell at todd.buell@wsj.com

(END) Dow Jones Newswires

January 11, 2018 04:28 ET (09:28 GMT)