Economics
Euro-Area Economy Keeps Cruising Speed as Outlook Improves
- Eurostat confirms fourth-quarter GDP growth at 0.6 percent
- German economy expanded 0.6 percent, Italy’s 0.3 percent
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The euro-area economy maintained its robust growth pace at the end of last year, setting the stage for another solid performance in 2018 that may sway European Central Bank policy makers into winding down unprecedented stimulus.
Gross domestic product increased 0.6 percent from the previous three months, Eurostat reported Wednesday, confirming a Jan. 30 estimate. Growth slowed in Germany and Italy, while the pace of expansion accelerated in the Netherlands and Portugal, according to separate reports.