German GDP rises 1.5% in first quarter 2011– output exceeds pre-crisis level; French GDP up 1% - - steepest rise since 2006 Q2
May 13th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The German economy is regaining pace and the gross domestic product (GDP) rose 1.5% in the first quarter of 2011 on the previous quarter, as reported by Destatis, the German federal statistics office. The pre-crisis level of early 2008 has been exceeded. Meanwhile, France's Institut national de la statistique et des études économiques (INSEE) reported that French GDP increased by 1.0% in volume terms after +0.3% in the previous quarter - - the steepest rise since 2006 Q2.