Spain and Italy fuel recovery but analysts say that boost will only be short-term
A rapidly expanding Spanish economy and a turnaround in recession-hit Italy increased the eurozone’s growth rate to 0.4% in the first three months of the year,according to official estimates.
The 19-member currency bloc doubled the rate of expansion from the last three months of 2018, when GDP growth slowed to just 0.2% and the European Central Bank was forced to backpedal on plans to increase borrowing costs. Related: Bookings up for summer holidays external the eurozone Continue reading...
Source: theguardian.com