Economics
Euro-Area Economic Boom to Roll On After Strong Start to '18
- Economists raise forecast, see growth of 2.2% this year
- ECB has noted strength, but no rate hike expected until 2019
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Europe’s growth resurgence is showing little sign of losing steam yet and economists have taken notice.
In Bloomberg’s monthly survey, the first of the year, respondents bumped up their 2018 outlook to 2.2 percent, close to the decade-high 2.4 percent pace estimated for last year. The optimism is in contrast to the muted view at the start of 2017. Economists back then saw momentum slowing, but had to keep upgrading projections to keep up with the economy’s performance.