A strong performance by France has helped the euro area post its strongest annual growth since the debt crisis in 2011
- Latest: Eurozone has posted another quarter of growth
- Eurozone has grown by 2.5% over the last year
- UK has only grown by 1.5% in the same time
- Eurozone jobless rate has fallen to lowest since 2009
- France grew by 2.2% over last year
- Newsflash: French GDP rose by 0.5% in the last quarter
- Consumer spending and business investment both jumped
- Experts: French recovery is on track
Right, time for a quick recap….
The Eurozone is on track to grow faster than America and the UK this year, after reporting better-than-expected growth figures over the last quarter.
ING Bank 1/2: An impressive report card for the Eurozone economy as GDP growth comes in at 0.6% QoQ and the unemployment rate drops to 8.9%.
“It is easy for businesses to fall into the trap of over-cautiousness when the UK’s own growth rate is slower, but capitalising on Eurozone successes now will help companies to secure their future.
Businesses can and should be doing as much as they can to drive up productivity and activity through positive investment in both people and assets, taking advantage of positive economic conditions to help them navigate successfully through times of uncertainty, and emerge in a position of strength.”
Hello….. sterling is suddenly pushing higher against the euro.
The pound has gained almost 0.5% against the single currency to a one-month high of €1.138.
pushing up #GBP
BARNIER SAYS HE’S READY TO SPEED UP NEGOTIATIONS