Germany, the euro area largest economy, recorded 3% growth in 2011, from 3.7% expansion in 2010, the highest level since 20 years ago, pushed down by the slowdown in exports, the main engine for German growth, which grew 8.2% from 13.7% in 2010.

Details showed that investment in plant and machinery advanced 8.3%, domestic demand increased by 2.1%, private consumption edged up 1.5% and government spending soared 1.2%.