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Germany stokes growth hopes

An employee works at a grinding machine at a razorblade factory in Solingen, western GermanyGermany recorded surprisingly strong growth in the second quarter on the back of exports and domestic demand, data showed Friday, prompting observers to raise their forecasts for Europe’s biggest economy. Demand for exports rose compared to the first three months of the year, while “private consumption spending and state consumption spending also bolstered growth,” the statistics office said. Rising income over the last year has boosted household consumption, while federal spending has also surged as Germany plays host to 1.1 million asylum seekers who arrived in the country last year.

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