Economics
Euro Economy Is Heading Towards a Golden Period
- European Commission lifts 2017 GDP forecast to 2.2 percent
- Low inflation and interest rates mean recovery to last long
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Europe is no longer the sick man of the world economy.
The 19-nation euro-zone bloc is already enjoying the strongest growth in a decade and now economists at Credit Suisse Group AG and Oxford Economics are declaring that it’s heading toward a golden period of low-inflationary expansion.