Germany's economy grows 0.7% in 2012

Associated Press : Berlin, Tue Jan 15 2013, 14:22 hrs

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Germany's economy grew by 0.7 percent in 2012. That's down from the year before but outpaces the recession-hit eurozone as a whole.

Government figures showed Tuesday that Europe's largest economy slowed from 3.0 percent as a debt crisis sapped the eurozone, which includes Germany's major trading partners.

Exports to the United States and China have helped support Germany's economy even as demand sags in crisis hit-countries such as Spain, Portugal and Greece.

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