An official report that was issued recorded the fastest economic
growth rate for the Eurozone economy for nearly two years achieved
during the first quarter of this year. A positive economic output
of 0.4% on top of the 0.3% for the previous quarter was recorded
across the 19-country bloc.
This growth rate is in line with the wider expectations
following the emergence of the Eurozone from one of the longest
recorded economic recessions after the second quarter of
2013. Despite the positive result however, policy and
decision-makers across the region are still likely to remain quite
disappointed, particularly in view of the various factors that
acted as stimulus for the economy, including the steep decline in
oil prices that mirrored a tax cut for both businesses and consumers, a boost in exports after a drop in
the value of the euro and the European Central Bank's 1.1
trillion euro incentive capping interest rates on the market.
