Eurozone growing at quickest pace in 10 years, EU forecast says

The European Commission announced on Thursday it will surpass economic growth expectations for this year, and predicted robust growth in 2018.


The bloc's Autumn European Economic Forecast said the countries using the euro currency, the eurozone, is on track to annual GDP growth of 2.2 percent -- higher than the 1.7 percent announced in the spring.

The pace is the quickest in a decade, and the European Commission said it anticipates continued growth of 2.1 percent next year and nearly 2 percent in 2019. The slight decline in the 2019 forecast accompanies Britain's scheduled exit from the European Union.

The optimism, the commission said, is fueled by increased private consumption, favorable lending conditions, improved economic growth around the world and falling unemployment in Europe.
 [upi.com]
 9/11/17