Germany emerges from recession; GDP rises
German

Germany, Europe's largest economy has emerged from the worst recession since Second World War as it has recorded a 0.3% rise in its gross domestic product for the second quarter of the running year.

Germany's recovery has come as a silver lining in the dark clouds for the Euro-zone.

Data compiled by the Federal Statistics Office revealed on Thursday the rise in consumption, construction and net trade assisted GDP's growth.

The FSO said, "Household and government final consumption expenditure and also capital formation in construction exerted a positive impact compared with the previous quarter."

However, German GDP shrank 5.9% in the second quarter as compared with the same quarter last year.

German imports fell more steeply than exports, putting a positive effect on its GDP growth.

The data also depicted that German economy contracted by 7.1% during Q2 as compared with 6.4% during Q1.

The German govt. expects the economy to shrink by 6% in 2009 and 2010 would see a stagnant economy.

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