Eurozone GDP: Europe outpaces UK and US with strongest growth in a decade – business live

All the day’s economic and financial news, including new eurozone growth figuresLatest: Amazon, JP Morgan and Buffett pile into healthcareEurozone growth hits decade highEurozone grew by 2.5% in 2017; UK only managed 1.8%Spain keeps growingFrance sparkles with best growth since 2011Markets hit by correction fears 1.50pm GMT PwC also made this chart, showing how the eurozone outperformed other major economies last year: 1.46pm GMT Getting back to the eurozone growth figures…Barret Kupelian, senior economist at PwC, says:“The good news keeps on coming from the Eurozone, which grew at a quarterly rate of 0.6% in the last quarter of 2017. Even though this is slightly slower than the previous quarter, the fuller picture for 2017 is overwhelmingly positive, with growth in the Eurozone ahead of the UK, US and Japan.“Taking a more historical look at the growth track record of large advanced economies, the Eurozone can now boast holding the title of the fastest growing large advanced economy four times since the financial crisis compared to three times for the US and the UK and once for Japan.In our main scenario projection, we expect the Eurozone to grow by at least 2%, marking its strongest two-year streak since the global financial crisis.” Continue reading…
Via: Eurozone GDP: Europe outpaces UK and US with strongest growth in a decade – business live