Eurozone economy grows at fastest rate in two years

0

Official figures show that the eurozone economy grew at its fastest rate for nearly two years during the first three months of 2015.

The 0.4% increase in economic output was up from the 0.3% recorded in the previous quarter, and was in line with expectations.

It matches the rate recorded when it emerged from its longest-ever recession in the second quarter of 2013.

Some in the 19-country eurozone will have hoped for even stronger growth as the currency union has enjoyed tail winds such as a fall in oil prices and the euro – as well as the launch of the European Central Bank’s €1.1 trillion monetary stimulus.

The overall figure also masks disappointments such as Greece’s return to recession.

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.