Economic news

Euro zone economy grew 2.5% in 2017

Euro zone GDP surged 2.5%, its fastest pace since 2007, Eurostat reported. Economic growth in the 19 countries that use the single currency increased 0.6% percent quarter-on-quarter in the last three months of 2017.

In quarterly terms, economic growth in the euro zone extended for 19 consecutive quarters. According to revised data, economy surged 0.7% in the third quarter.

Economic sentiment in the euro area declined in January to 114.7 from a 17-year peak of 115.1 scaled in December, European Commission said.



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