Eurozone economy expands 0.5% in first quarter

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The eurozone’s economy grew by 0.5 per cent in the opening quarter of this year, beating a figure of 0.4 per cent for the wider EU, according to new data from eurostat.

The impressive start to the year for the single currency area matched the rate seen at the end of 2016, and was in line with analysts’ expectations.

The eurozone’s recovery is becoming increasingly strong and broad after years of fragility. Unemployment is now at its lowest level for seven years, while recent indicators of business and consumer confidence are also at multi-year highs.

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