A container ship leaves the port in Hamburg March 11, 2020. REUTERS/Fabian Bimmer
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BERLIN, Aug 24 (Reuters) – The German economy grew in the second quarter, beating analysts’ expectations, supported by private and government spending despite the energy crisis, data showed on Thursday.
Europe’s largest economy grew by 0.1 percent quarter-on-quarter and 1.7 percent year-on-year, adjusted for price and calendar effects, the Federal Statistical Office said.
Analysts polled by Reuters had expected the economy to be flat in the second quarter from the previous quarter.
“Despite difficult global economic conditions, the German economy held up well in the first two quarters of 2022,” said Georg Thiel, President of the Statistics Office.
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Reporting by Miranda Murray; Adaptation by John Stonestreet
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