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Eurozone Economic Recovery Gathers Pace
Economic growth in the euro currency zone gathered pace in the first three months of the year, supporting a faster decline in the jobless rate, but without dispelling doubts about a slow overall recovery that has left the eurozone with persistently weak inflation and high debts. The improvement in growth during a quarter when financial markets were volatile and the eurozone's exports to China and other large economies weakened is a sign of the European recovery's resilience, and contrasts with a slowdown in the U.S. The European Union's statistics agency said Friday that the eurozone's gross domestic product rose ... (full story)