Eu­ro­zone in good health

Yorkshire Post - - BUSINESS -

THE EU­RO­ZONE econ­omy en­joyed its best year in a decade over 2017, of­fi­cial fig­ures show.

Euro­stat, the Euro­pean Union’s statis­tics agency, said the eu­ro­zone ex­panded by 0.6 per cent in the fi­nal quar­ter of the year from the three months be­fore.

This means that for the whole of 2017, the eu­ro­zone econ­omy grew by 2.5 per cent, its high­est level since 2007, when it ex­panded by 3 per cent.

The eu­ro­zone econ­omy, which for years was mired in a se­ries of fi­nan­cial crises, is one of the bright­est spots in the global econ­omy. The re­gion has ben­e­fited from wan­ing fears about a pop­ulist back­lash, the Euro­pean Cen­tral Bank’s mas­sive stim­u­lus pro­gramme and ris­ing con­fi­dence about the long-term fu­ture of the euro cur­rency.

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