Eurozone economic growth gathered pace in the three months to June, making it more likely the European Central Bank will decide later in 2017 to remove some of its growth-boosting stimulus measures.
The 19-country currency area's economic strength has been a boon for the global economy this year, partly offsetting weaker-than-expected U.S. growth. Entering 2017, most economists expected eurozone growth to slow in response to heightened uncertainty amid a busy year for political elections and higher energy costs.
However, the European Union's statistics agency said Tuesday that eurozone gross domestic product was 0.6% higher in June than in the three months through March, and 2.1% higher than in the second quarter of 2016.
That marked a pickup from the 0.5% quarterly growth rate recorded in the three months to March and was the fastest annual growth rate since the first quarter of 2011.
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August 01, 2017 05:19 ET (09:19 GMT)