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    Destatis released its gross domestic product (GDP) growth for Germany on Wednesday. Germany's preliminary GDP gained by 0.3% in the first quarter, missing expectations for a 0.5% rise, after a 0.7% increase in the fourth quarter.



    The weak growth was driven by lower exports. Exports increased more slowly than imports.



    Consumers remained the key driver of growth.



    On a yearly basis, Germany's GDP declined to 1.1% in the first quarter from 1.6% in the fourth quarter, missing expectations for a fall to 1.2%. It was the slowest growth since the second quarter of 2014.

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