World Bulletin / News Desk
Europe's largest economy Germany expanded 0.6 percent between October and December, official data showed Wednesday, highlighting the country's economic strength as politicians struggle to form a government.
Combined, the quarterly results add up to 2.2-percent expansion over the full year, the fastest rate since 2011.
Wednesday's data confirmed a preliminary estimate of full-year growth Destatis released in January.
The final three months of the year saw exports contribute more strongly to growth than they had between July and September.
Meanwhile, private consumption remained roughly flat quarter-on-quarter, while government spending increased.
Investments in capital goods increased, while construction spending fell back.
"Looking ahead, the same fundamentals which have supported growth in 2016 and 2017 should still be in place" this year, economist Carsten Brzeski of ING Diba bank said, pointing to low interest rates, a strong labour market and a synchronised upturn across the 19-nation eurozone.
"The economy could continue at its current pace for at least one or two more years without showing signs of overheating," he added.
Germany's economy ministry in January forecast slightly faster expansion of 2.4 percent this year.
Risks to the stable outlook remain, including protectionist impulses from President Donald Trump's administration in the United States, increased geopolitical tensions in the eurozone and further afield, and the danger of a domestic political upset.
The centre-left Social Democratic Party has struck a deal to renew its left-right "grand coalition" with Chancellor Angela Merkel's conservatives after both suffered an election battering in September.
But members in the bitterly divided labour movement could reject the pact in a postal ballot by early March, leaving Merkel with equally unappealing options of a minority government or new elections.
"Following German politics is currently better than binge viewing TV series like 'House of Cards'," Brzeski quipped.
Gas pipeline will also link Turkmenistan, Afghanistan, Pakistan, and India via roads, railways, and fiber optics
Inflation among EU19 countries down 0.1 percentage point from Dec. 2017, says Eurostat
BIST 100 rises 0.51 pct; USD/TRY exchange rate stays at 3.79 while EUR/TRY exchange rate drops to 4.66
Deal does not mean much unless countries resolve arbitration case, define pipeline route and get licenses: OME hydrocarbons Dir.
Bank's net profit rose to €1.3B last year, up around 7 pct from 2016
Over last decade, Turkey earned over $200M from hazelnut exports to China
BIST 100 index drops 0.15 pct, US dollar slightly up to 3.7970 Turkish liras, euro-lira rate down to 4.6640
BIST 100 index rises 1.40 pct, U.S. dollar up to 3.7910 liras, euro-lira rate climbs to 4.6740
10 Turkish agricultural machinery producers and exporters explore Ethiopian market during visit to Addis Ababa
Turkish firms' know-how' in construction sector is an advantage to have in joint projects in Africa: Japanese bank manager
BIST 100 index gains 0.48 percent at opening; USD/TRY stands at around 3.75
Office workers, farmers and radio hosts are taking on new nationalities, relocating their businesses or looking forward to lucrative alternative trade deals, as politicians struggle to come up with a plan.
The International Monetary Fund was going to be "attentive" to the consequences of the reform, which notably includes a sharply lower corporate tax rate, she told French radio station France Inter.
More than 9,000 new companies established in January, according to major business body
Company reaches settlement with EPA following investigation started in 2014