Eurozone growth

Published April 17, 2007

NEW YORK, April 16: Growth in the eurozone is expected to hit 2.7 per cent in 2007, supported by a milder-than-expected slowdown in the US economy, a senior European Union official said on Monday. EU Economic and Monetary Affairs Commissioner Joaquin Almunia told the US-Spanish Chamber of Commerce in a speech on Monday that Europe was shedding its reputation for sluggish growth, with gross domestic product rising to 3 per cent last year, the highest since 2000.—Reuters

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