The German economy grew by the fastest pace since 2014

The final reading of Germany's gross domestic product (GDP) has released today, which confirmed that euro zone's largest economy grew by 0.6% in the second quarter of 2017, and that was the fastest pace of economic growth since 2014.
This growth was driven by the private consumption, which was stronger than expected, rising by 0.8% quarterly, and this was recorded once in 2011.
In contrast, there were mixed signals on foreign demand. The trade surplus shrank in the second quarter of the year, with exports only up by 0.7%, while imports rose by 1.7%.
Germany's economic growth has helped to push the eurozone economic recovery so far, this year but has been criticized for high savings and export concentration. Germany has posted a current account surplus of $ 289 billion last year, the world's largest, it is said that it contributes to create global economic imbalances and risks increasing protectionist measures.