81203
Confidence High in Eurozone
Confidence High in Eurozone

Confidence High in Eurozone

Confidence High in Eurozone

The eurozone economy finished off last year with another quarter of robust growth, and confidence among businesses and households suggests there’s no slowdown in sight, Bloomberg reported. Eurostat, the European Union’s statistics agency, estimated Tuesday that gross domestic product rose 0.6% in the three months through December, in line with forecasts and marking a 19th-straight expansion. The French and Spanish economies, two of the bloc’s largest, recorded similarly solid rates of growth. The strong end to the year put the euro region’s 2017 expansion at 2.5%. That’s better than anticipated by economists and the European Central Bank, and it’s a pace the region hasn’t seen since before the financial crisis in 2008. The French economy expanded 0.6% in the quarter, delivering its best full year since 2011. Spain shrugged off the political crisis in Catalonia late last year with growth of 0.7%. Greece, Ireland, Portugal and Cyprus had to be bailed out by their partners in the eurozone and the International Monetary Fund, and in return they made deep budget cuts to get their public finances into shape, hitting their economies hard.

Short URL : https://goo.gl/qDyq1z
  1. https://goo.gl/BjJpVs
  • https://goo.gl/WQLUnx
  • https://goo.gl/h4BtY9
  • https://goo.gl/zj223b
  • https://goo.gl/RgkMsf

You can also read ...

Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
The warnings come amid a period of financial uncertainty for the world.
US officials who helped the country survive the 2008 financial...
Africa Next Frontier for Crypto
Cryptocurrency is not bound by geography because it is...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus