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European Union grows at fastest pace for 10 years

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    A steel worker at ThyssenKrupp in Duisburg, GermanyImage copyright EPA

    The European Union economy grew at its fastest pace in a decade last year, figures from the EU statistics office Eurostat have confirmed.

    The 28-strong EU expanded by 2.5% in 2017, its strongest performance since 2007 when it grew by 2.7%.

    In the final three months both the EU and the 19-nation eurozone grew by 0.6% compared with the previous quarter.

    That was mirrored by growth in the EU’s biggest economy, Germany which grew by 0.6% in the final quarter of 2017.

    France also expanded by 0.6% and Spanish growth was a notch stronger at 0.7%.

    Overall in 2017, the eurozone grew by 2.5%, Eurostat said, the fastest growth rate since a 3% rise in 2007.

    These latest figures confirm the flash estimates published by Eurostat at the end of January.

    View the original article: http://www.bbc.co.uk/news/business-43055887

    http://www.bbc.co.uk/news/business-43055887

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