The German economy continued to grow at the end of 2017. In the fourth quarter of 2017, the gross domestic product (GDP) rose 0.6% on the previous quarter after adjustment for price, seasonal and calendar variations. The economic situation in Germany in 2017 thus was characterised by steady and strong growth (+0.9% in the first quarter, +0.6% in the second quarter and +0.7% in the third quarter). The Federal Statistical Office (Destatis) also reports that this results in a 2.2% increase (calendar-adjusted: +2.5%) for the whole year of 2017. The provisional annual GDP result released in January has been confirmed.
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