Speedy recovery in economy of the Eurozone.
According to official statistics,the economy of eurozone expanded faster than anticipated 0.6% in the first quarter of the year. The growth rate that doubled increase from the 0.3% rate recorded in the past quarter was over analyst's anticipation of 0.4%. However, separate infromation from Eurostat also showed that deflation had come back to the eurozone and Inflation fell from zero percent in March to minus 0.2 percent in April. Other eurostat figures indicated the unemployment rate of eurozone decreased to 10.2 percent in March.
These growth figures show that the economy of eurozone is now bigger than it was before the financial crisis began in 8 years ago. The eurozone has recently benefited from a decrease in oil prices and the euro, especially in Germany as the result of The expansionary fiscal policies that have also rescued resources from debt burden.
Howard Archer, economist at IHS Global Insight, said the eurozone should be able to sustain a growth rate of about 0.4% quarter-on-quarter in the future, but the growth rate could fall in the 3 months to June because uncertainties and problems are still a defect for eurozone growth. The risk of recurrent terrorist attacks and the possibility of the UK voting to leave the EU in June's referendum are also uncertainties that could affect on eurozone growth.