23.02.201723:28:00UTC+00Germany is fastest expanding G7 economy

Germany has taken the seat as the fastest expanding economy among G7 nations, surpassing Britain, as it accelerated 1.9% in the past year.

The German economy added 0.4% in the fourth quarter, increasing on 0.1% expansion in the preceding quarter. Domestic demand ignited growth following consumer spending and government expenditures climbed.

Britain became the second fastest expanding G7 economy following the nation's statistics agency lowered yearly economic growth to 1.8% from a preliminary forecast of 2%.

Economists are anticipating growth to stall this 2017 than 1.9% recorded last year.