Eurozone economy grows 0.6% in the first quarter, outpaces U.S. and U.K.
Boom! Europe is back. At least for now.
The eurozone economy grew 0.6% in the first three months of the year compared to the previous quarter, easily outpacing both the U.S. and the U.K.
Growth was double the pace of the previous six months, and way better than expected. Economists were forecasting expansion of about 0.4%. (U.S. GDP grew by 0.5% but more like 0.1% if calculated in the same way as the Eurozone data.)
Spain and France delivered much more robust growth than expected. And unemployment in the eurozone fell to 10.2% in March, the lowest since 2011.
Europe is getting a lift from ultra cheap money, low energy prices, a rebound in consumer spending, and government support for refugees.
Boom! Europe is back. At least for now.
The eurozone economy grew 0.6% in the first three months of the year compared to the previous quarter, easily outpacing both the U.S. and the U.K.
Growth was double the pace of the previous six months, and way better than expected. Economists were forecasting expansion of about 0.4%. (U.S. GDP grew by 0.5% but more like 0.1% if calculated in the same way as the Eurozone data.)
Spain and France delivered much more robust growth than expected. And unemployment in the eurozone fell to 10.2% in March, the lowest since 2011.
Europe is getting a lift from ultra cheap money, low energy prices, a rebound in consumer spending, and government support for refugees.
