Published On: Wed, Feb 14th, 2018

EU and Eurozone experienced an remarkable economic growth last year, says Eurostat

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A statistics report publicised by the Eurostat, which is responsible to provide statistical information to the institutions of the European Union, has noted that the union and Eurozone experienced an exceptional economic growth of nearly 2.5 per cent last year.

If the report is worthy to be taken into consideration, it can be assumed that the European region is, once again, back into the track of economic growth.

At this moment, it is not clear how this European region secured such a remarkable economic growth.

Germany, France and Spain are the three most performed countries in the list of countries which witnessed an enviable economic growth last year.

The economic growth secured by the EU and Eurozone last year was the best performance of the decade. The last time this indices showed better than this was when it was measured during the year 2007.

According to the report, in the year 2007 in which the zone performed better than this time, the EU’s economic growth was just 2.7 per cent and that of Eurozone was around 3 per cent.

The growth in the European region gives hopes to many countries which is directly and indirectly depend this region for their economic needs.

 

Vignesh. S. G

Photo Courtesy: Google/ images are subject to copyright 

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EU and Eurozone experienced an remarkable economic growth last year, says Eurostat