Eurozone grows at faster rate than US economy - News Summed Up

Eurozone grows at faster rate than US economy


A steel-worker at Salzgitter AG in Salzgitter, Lower Saxony. The euro rose against both the pound and the dollar yesterday after confirmation that the 19nation eurozone had grown by 0.6 per cent from July to September and by 2.5 per cent year-on-year. This was higher than the 2.3 per cent year-on-year rate achieved by the US and 1.5 per cent by the UK. According to Eurostat, the European Union’s statistics office, Germany was the engine room for the eurozone’s performance, recording a third-quarter increase in GDP of 0.8 per cent, higher than expected. Last month the German economy ministry sharply upgraded its full-year…


Source: The Times November 15, 2017 00:00 UTC


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