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Germany Leads Major Economy Growth in 2016

Germany's economy expanded at the fastest pace in five years in 2016 as a weaker euro helped boost growth to the strongest level of any advanced nation in the world.

Germany's economy expanded at the fastest pace in five years in 2016, according to data published Thursday, as a weaker euro helped lift exports and domestic demand boosted growth to the strongest level of any advanced nation in the world.

Europe's biggest economy grew 0.4% in the final three months of last year, the country's official statistics office Destatis said Thursday, taking the full year advance to 1.9%, the strongest pace of growth since 2011. Domestic demand added 0.9% to the quarterly reading, Destatis said, while exports grew 1.8% from the same period last year and imports were up 3.1%.

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