The euro area economy has been expanding robustly, with growth broad-based across countries and sectors. The economy grew by 2.8% in year-on-year terms in the fourth quarter of last year, according to the latest estimate. This strong performance has translated into notable improvements in the labour market. The unemployment rate in the euro area has dropped to its lowest level since 2008, while the number of people employed has increased by almost eight million since mid-2013. Notwithstanding the latest economic indicators, which suggest that the growth cycle may have peaked, the growth momentum is expected to ... (full story)