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Euro zone growth, eclipsing U.S. economy, set to be best in decade

Reuters  |  BRUSSELS 

By Jan StrupczewskiBRUSSELS (Reuters) - The euro zone's annual economic growth rate outstripped that of the United States in the third quarter setting up 2017 as the best year for the currency area since financial markets crashed a decade ago.Germany was a major factor, but even some of the bloc's laggards, such as Italy, showed signs of revival.Eurostat, the European Union statistics office, confirmed a preliminary estimate that euro zone gross domestic product (GDP)grew 0.6 percent from July to September from the previous quarter and on a year on year basis was 2.5 percent higher.This was ...

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First Published: Tue, November 14 2017. 18:47 IST