Germany’s economy expanded faster than previously thought at the beginning of the year, official data showed on Friday as exports surged before President Donald Trump placed a sweeping fee.
According to the final figures from the Federal Statistics Bureau of Destatis, Gross Domestic Product (GDP) in Europe’s top economy rose 0.4% from January to March compared to the previous quarter.
The initial estimate was 0.2% expansion, with analysts not expecting any change.
Destatis said the economy was “who was on an astonishing pace” behind the rising exports that pushed GDP figures up in March.
He said the shipments of drugs and cars have increased dramatically, and is a massive export to the United States.
“Therefore, the predicted effect amid concerns about the brewing trade war with the US is likely to have contributed to positive development,” the agency said in a statement.
Trump imposed his sweeping “liberation day” tariffs in early April, but he has since suspended the highest fees to allow consultations.
The Jump of Products will boost the traditional eurozone powers after two years of recession, and it is good news for new Prime Minister Friedrich Merz.
Analysts have warned that tariffs could potentially export Germany violently later in the year, with most people hoping that the economy will stagnate throughout 2025.
This story was originally featured on Fortune.com.
