There is an strange disconnect in Europe at the moment. The eurozone economy is growing at an annualized rate of more than 2%, its fastest rate in more than six years and faster even than the U.S. Every country in the eurozone is growing, and the growth is across all sectors. The latest surveys show sharp increases in manufacturing-and-services activity, order books and business optimism, with French output stronger than German for the first time since 2012. Meanwhile, job creation is running at its strongest in almost a decade and unemployment has been falling rapidly across the bloc to 9.6%, down a full percentage...

Source: Wall Street Journal February 22, 2017 20:37 UTC