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The European economy with solid growth

The euro area is enjoying growth rates not seen since before the financial crisis

  • February 09, 2018 20:55
  • Author Monika Dimitrova
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Source: Pixabay

The winter 2018 Interim Economic Forecast shows a solid and lasting expansion. The euro area and EU economies are both estimated to have grown by 2.4% in 2017, the fastest pace in a decade. This robust performance is set to continue in 2018 and 2019 with growth of 2.3% and 2.0% respectively in both the euro area and EU.

This is a result of the improvement of the labour market and a stronger than expected pick-up in global economic activity and trade. Strong demand, high capacity utilisation and supportive financing conditions are set to favour investment over the forecast horizon. 

Source: ec.europa.eu

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