German economy sees modest growth in August

GDP rises by 0.1% month-on-month

Government hails figures as a sign of resilience

The German economy grew by 0.1% in August, according to the country's Federal Statistical Office.

The increase, which is marginally below the 0.2% growth recorded in July, follows several months of economic weakness caused by the COVID-19 pandemic.

The government hailed the figures as a sign of the economy's resilience.

"The German economy is on the right track," said Economics Minister Peter Altmaier. "We have overcome the worst of the pandemic and are now seeing a gradual recovery."

The growth in August was driven by a strong performance in the construction sector, which grew by 1.2% month-on-month.

The manufacturing sector also saw a modest increase in output, growing by 0.1% month-on-month.

The services sector, which accounts for the largest share of the German economy, grew by 0.2% month-on-month.

The German economy is forecast to grow by 3.5% in 2021, according to the International Monetary Fund.

However, the outlook for the economy remains uncertain, as the pandemic continues to pose a threat to economic activity.

The government has implemented a number of measures to support the economy during the pandemic, including a €130 billion fiscal stimulus package.

The government has also extended its short-time work scheme, which has helped to keep millions of workers in employment.

The German economy is one of the largest in the world, and it is a major exporter of goods and services.

The country's strong manufacturing base and its skilled workforce are key drivers of its economic growth.