Home Economy The growth of the eurozone’s gross domestic product has thus reached its highest level in ten years.

The growth of the eurozone’s gross domestic product has thus reached its highest level in ten years.

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The European Statistical Office Eurostat confirmed a GDP growth of 2.5% in 2017. As a reminder, the European Commission had forecasted an increase of 2.4% on February 7th. In fact, annual growth in the eurozone has never been so strong since 2007, just before the financial crisis, when it reached 3.0%.

In detail, the gross domestic product recorded an increase of 0.6% in the eurozone, as well as in the 28 states of the European Union, in the fourth quarter of 2017. “During the third quarter of 2017, GDP had grown by 0.7% in both zones,” recalls the organization in a statement.

France observed an increase of 0.6% compared to the third quarter and 2.4% compared to the same quarter last year. Its neighbor across the Rhine, the largest economy in the eurozone, saw its GDP grow by 0.6% in the fourth quarter as well, but by 2.9% to date.

And for this year? For the whole of 2018, solid growth of 2.5% is still likely.

Last September, the OECD was less optimistic, predicting a slowdown in growth.

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