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Euro zone economy outperforms US with robust start in 2017

GDP of the bloc grew by 0.5% in the first quarter, taking the annualised growth estimate to 1.8%

Reuters  |  Brussels 

The euro zone economy started the year with robust growth that outstripped that of the United States and set the stage for a strong 2017, preliminary estimates showed on Wednesday. The improving economy may weaken the eurosceptic parties that have gained ground in several European Union states over the past years, many of which have denounced the poor state of their economies and called for ditching the euro and returning to national currencies. The gross domestic product of the 19-country euro zone bloc grew by 0.5 per cent in the first quarter, which translates to annualised ...

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First Published: Wed, May 03 2017. 18:17 IST