Eurozone in good health
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.