Germany overtakes UK as fastest-growing G7 economy
by Angela Monaghan and Graeme Wearden from on (#2DPA8)
Britain loses top spot as ONS revises down annual growth to 1.8%, from an initial estimate of 2%
Germany overtook the UK as the fastest growing among the G7 states during 2016. Europe's largest economy expanded at the fastest rate in five years, showing growth of 1.9% last year.
The expansion pushed Britain into second place among the G7 industrialised nations, after the Office for National Statistics revised down annual UK growth to 1.8%, from an initial estimate of 2%.
Related: Germany overtakes UK to become fastest-growing G7 economy in 2016 - business live
German economy was marked by strong and steady growth during 2016, with GDP increasing 1.9% - highest rate of GDP growth among G7 countries.
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