The Eurozone’s Economy Recovers Better than Expected

By: Together Abroad 02-05-2016 9:29 PM
Categories: Business news,

According to BBC news, the growth in the economy of the 19 nation bloc has doubled from the 0,3% rate recorded in the previous quarter, and was above analysts’ expectations of 0,4%. With this growth, the data from Eurostat showed that the unemployment rate of 10,2% is at its lowest in the last four-and-a-half years, and the economy is bigger than it was before the financial crisis, eight years ago.
Howard Archer, economist at IHS Global Insight, said that Eurozone should be able to sustain growth of about 0,4% quarter-to-quarter, but he warned that several factors can influence it like global economic uncertainties and problems, the risk of recurrent terrorist attacks or the possibility of the UK voting to leave the EU in June’s referendum.
While the inflation figures showed that the energy prices fell 8,6% year-on-year in April, the consumer prices rose 0,8% and unprocessed food prices rose 1,2%. The aim of the European Central Bank is to keep the headline inflation close, but below 2%.

Source: BBC


CAPTCHA ImageReload captchaPlay captcha
It has been a long journey since I arrived in The Netherlands, and I want to thank you for being available to receive me, believing in my profile and thank you for all your support, and I express my wish to keep our contact. I followed all your guidelines and recommendations, and I succeeded! Thank you for your best attention, let's keep in touch

Helder Costa

I would like to thank you for your great job to make my CV presentable and truly reflecting my knowledge and experience.
With your highly professional advices and support I felt more confident and eventually I got a job.

Tanya Pelser

Thank you to both yourself and Irina for a great workshop this morning, it was refreshing to hear some really basic ideas for the Dutch employment search which I'm sure will help start everyone off on a new career path! I will definitely be using the services of Together Abroad and one of my first actions is to revise my CV and submit this for a review.

James Stopford