The Eurozone economies will show 2.6 percent gross domestic product (GDP) growth in 2007 and 2.5 percent in 2008 on the back of solid investment and strong private consumption across the 13-member currency bloc, the European Commission said May 7.
Growth in the wider 27-nation European Union is expected to stand at 2.9 percent in 2007 and 2.7 percent in 2008. Officials said that in addition to favourable domestic conditions, Europe’s economic upturn was due also to strong global growth.
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