15:50 GMT05 December 2020
Listen Live
    Get short URL

    Germany has confirmed a cash surplus and GDP growth for 2017, in spite of political infighting and economic threats to the country, including an ongoing immigration crisis.

    The country's statistics office noted that the nation documented in 2017 the highest annual surplus since the two Germany's were reunited in 1990 after the fall of the Soviet Union. The figures are said to be tied to record-low unemployment as well as low interest rates, according to Newsweek.com.

    Berlin noted a budget surplus of about $45 billion for 2017, according to a Friday report released by the National Statistics Office.

    The 2017 figures mark the fourth consecutive annual cash surplus in Germany.

    Officials with the National Statistics Office noted that the German economy grew 0.6 percent in the fourth quarter of 2017, primarily due to a 2.7-percent increase in exports, cited by Newsweek.

    The German economy was noted to have expanded 2.2 percent in 2017, the highest figure since 2011.


    Germany Will Face Russia After Shocking Canada in Hockey Semifinal
    Germany to Triple Number of Soldiers in NATO Drills Near Russia - Reports
    Thousands Rally Against Munich Security Conference in Germany (VIDEO)
    economy, budget, cash, GDP growth, Office for National Statistics, Berlin, Germany
    Community standardsDiscussion