The Euro Zone: Sunshine or Twilight?

Growth is threatened by rising interest rates, the currency's strength, and slowdowns elsewhere

After years of lackluster performance, Europe's economy is now growing at its fastest clip since 2000. The 12 nations that have the euro as their currency grew at an annualized 3.6%, faster than the U.S.—in the second quarter this year, according to flash numbers from Eurostat, the European Union's statistics agency.

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