Eurozone boosted by Germany’s surprise economic growth

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The German motor of the single currency bloc — which flirted with recession last year — advanced 0.7% in the final quarter of 2014.

That lifted growth across the wider eurozone by 0.3%, ahead of the 0.2% which was seen in the prior quarter.

European Central Bank president Mario Draghi will hope for a further surge this year after unveiling €1.1 trillion (£817 million) money-printing plans.

 

But troubled Greece’s economy shrank 0.2% as it gropes towards a debt compromise deal with its creditors before its bailout expires at the end of the months.

Shares in Athens jumped 6% on renewed hopes of  an agreement.

The UK Government’s Help to Buy-inspired housebuilding boom came to a halt in the final quarter of last year as the volume of new homes dropped 0.2% — the first fall since the first quarter of 2013, before the policy was introduced.

Overall construction output sank 2.1%, worse than feared.

Source Article from http://www.standard.co.uk/business/business-news/eurozone-boosted-by-germanys-surprise-economic-growth-10044463.html

February 14, 2015 |
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