Quarterly euro zone GDP growth inched up to 0.6%, from 0.5 in the same period a year earlier, helping to drive year-on-year expansion from 1.9% to 2.1%.
The 0.6% reading compares to 0.3% in the UK, a country getting ready to leave the euro zone. Ben Chu points out at the Guardian, however, that since 2008, UK GDP has grown almost twice as fast as the euro zone. He says the euro zone’s stronger growth is likely partly cycical.
The bloc has now expanded for 17 consecutive quarters and unemployment has dropped to a nine-year low of 9.1%, reports the Financial Times.