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Eurozone’s Economy Surpasses Estimates
The eurozone’s economy expanded by 2.5% over the past 12 months, including a stronger-than-expected 0.6% in July-September, says Eurostat.
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The eurozone’s economy expanded by 2.5% over the past 12 months, including a stronger-than-expected 0.6% in July-September, says Eurostat.
In September the European Central Bank hiked its growth forecast for the full calendar year to 2.2%, the 19-nation region’s best performance in 10 years. Inflation is at 1.4% compared with 1.5% in September, leaving it well below the 2% target favored by the ECB.
Eurostat says unemployment in the eurozone was 8.9% in September. That rate is relatively high in historical terms but the lowest in about nine years.
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