Suddenly, the eurozone, once battered by the debt crisis, looks healthier than at any time since the 2008 financial crisis. According to the latest data released by Eurostat on the 30th, the gross domestic product (GDP) of the euro zone increased by 2.5% in 2017, the highest growth rate in the past 10 years. The EU's annual GDP growth rate in 2017 was also 2.5%.
After slowly getting rid of the banking crisis, record unemployment and the sovereign debt crisis, the euro zone economy has gained a foothold. A good economic outlook, weakened political risks, and a monetary policy that will change positively will make this advanced economy, which has suffered in the global financial crisis, see the dawn of hope for the future. From the year-on-year data of the fourth quarter of last year, the euro zone's GDP in the fourth quarter of last year increased by 2.7% year-on-year, in line with market expectations.
Williamson, chief economist at IHS Marquist, said that the end of 2017 was the best ending in the euro zone economy for more than a decade. Statistics show that the manufacturing purchasing managers' index (PMI) of the Eurozone in December 2017 reached the highest value since statistics, and the service industry PMI and comprehensive PMI reached the highest value in more than six years. The comprehensive new order index has been since July 2007. The highest value. Among the major powers in the Eurozone, Germany's economic growth is still shining. According to data released by the German Federal Statistical Office, the German economy grew by 2.2% year-on-year in 2017, the fastest growth rate since 2011, and a significant increase from the 1.9% growth rate in 2016.
At present, Bloomberg's survey of economists shows that the euro zone economy is expected to grow by 2.2% in 2018, and the euro zone economy maintains a "leading" position in developed economies. In addition, the Eurozone economy has gradually changed Germany's “outstanding†situation, and the growth of various economies in the region has improved, driving the diversified growth and sustained recovery of the Eurozone.
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