Winston-Salem Journal: Ap

Feb 23, 3:50 AM EST

Germany books record surplus as economy keeps growing

Latest News
Germany's Merkel to name her team for new Cabinet

Volkswagen says earnings up more than 50 percent in 2017

German food bank criticized, praised for anti-migrant stance

Germany says another citizen detained in Turkey released

New party aide close to Germany's Merkel, but no clone

Exhibit Honors Soviet Photographer
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Italian campaign promises gloss over grim economic realities

Germany books record surplus as economy keeps growing

The Brexit effect: UK economy grows at 5-year low in 2017

European Central Bank hints at revising stimulus outlook

German business confidence drops amid global, local concerns

White House says US could reach 3 percent growth rate

Bank of England's Carney predicts UK living standards boost

Eurozone economy cools amid stock market turmoil

Greece: Fitch upgrades country's sovereign rating

US inflation pressures raising expectations for rate hikes

Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Berlin Wall: 20 Years Later

BERLIN (AP) -- Germany saw a record budget surplus last year thanks to unbroken economic growth.

The Federal Statistical Office said Friday that public treasuries received 36.6 billion euros ($45 billion) more than they spent in 2017. The figure was slightly less than had been forecast.

Germany has now recorded a surplus for four years straight.

Strong export-driven growth has boosted tax revenue, with the country's gross domestic product rising a further 0.6 percent in the fourth quarter of last year compared with the previous three months.

Germany has also benefited from the European Central Bank's low interest rates, which have made the cost of public borrowing considerably cheaper.

Economists predict Germany's growth will continue this year, rising to 2.4 percent compared with 2.2 percent in 2017.

© 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.