German GDP +0.7% in 2012 vs 3% in 2011 and consensus of +0.8%. "In 2012, the German economy...

|By:, SA News Editor

German GDP +0.7% in 2012 vs 3% in 2011 and consensus of +0.8%. "In 2012, the German economy proved to be resistant in a difficult economic environment and withstood the European recession," the Federal Statistical Office says. However, economic activity "slowed down considerably" in H2. Euro -0.15% vs the dollar. DAX -0.2%. (PR)