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Higher consumer spending and investment underpin euro zone strong growth

The economy shrugging off slower export growth as a result of the strong euro

Reuters  |  Brussels 

The euro zone economy grew at a robust pace in the three months to June, driven mostly by higher domestic demand and investment, official data released on Thursday confirmed. The European statistics office Eurostat said the euro zone's expansion picked up speed in the second quarter, with the economy growing 0.6 percent compared with the previous three months. That was in line with previous estimates and market expectations and up from a 0.5 percent rise in January-March. The acceleration was driven by growing consumer spending and investment, with the economy shrugging off ...

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First Published: Thu, September 07 2017. 17:36 IST