Euro Zone GDP Increases, Unemployment Drops

Euro Zone GDP Increases, Unemployment Drops

Euro Zone GDP Increases, Unemployment Drops
GDP has marked growth in both the Euro zone and the EU as a whole. But inflation has registered a dramatic increase. The economy of the Euro zone continues to grow, albeit more slowly than before, showed Eurostat data. According to Eurostat, the volume of GDP of the 19 member-states of the currency union grew by 1.7% in 2016, compared to 2% in 2015. A similar development has been observed for the EU as a whole. The total volume of GDP for the EU grew by 1.9%, compared to 2.2% in 2015. Positive dynamics were reported on the labour market. Unemployment in the Euro zone reached its lowest level since May 2009. In 2016, unemployment was 9.6%. Analysts expected this level to be 9.8%. This indicator varies for different states of the EU. The lowest…

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