Tuesday, 30 January 2018

Eurozone economy growth hit 10-year high in 2017, according to official figures



The eurozone's economy grew at its fastest pace for a decade in 2017, according to official figures.

 
The economy of the 19-nation bloc grew by 2.5% last year, according to Eurostat, the strongest growth since the 3% rate seen in 2007.


Eurostat also said that the eurozone grew by 0.6% in the final three months of 2017.


The European Central Bank has been carrying out a huge stimulus programme in an attempt to drive eurozone growth.


That programme has seen the bank slash its main interest rate to zero, and spend billions of euros a month on buying financial assets.
Growth in the eurozone has been picking up and it is now regarded as one of the strongest parts of the global economy.



BBC    News.