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The German economy is expected to have expanded by a modest 0.5 per cent in 2013 after a long, harsh winter hit growth at the start of the year, analysts say data to be released by the statistics office Wednesday will show.
Europe’s biggest economy grew by 0.7 per cent in 2012 after expanding by a solid 3.3 per cent in 2011.
German gross domestic product gradually strengthened throughout 2013 after the nation narrowly avoided recession in the first three months of the year following a sharp downturn in key parts of the domestic economy, notably the construction sector.
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