Photographer: Martin Leissl/Bloomberg

Euro-Area Economy Is Finally Back to Its Pre-Crisis Size


The euro-area economy is finally back from the crisis — at least in regard to economic output.

Gross domestic product hit 2.48 trillion euros ($2.8 trillion) in the three months through March, surpassing the previous peak reached in the first quarter of 2008. 

Still, it took the currency bloc 11 quarters longer to get back to its pre-crisis level than it did the U.K., which did so in 2013 and has grown a further 7 percent since.

--With assistance from Andrew Atkinson in London.

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