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Further growth for eurozone economy

Published 13/05/2015

Multi-million pound diesel-laundering rackets which are causing environmental havoc in border counties
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Official figures show that the eurozone economy grew at its fastest rate for nearly two years during the first three months of 2015.

The 0.4% increase in economic output was up from the 0.3% recorded in the previous quarter, and was in line with expectations.

It matches the rate recorded when it emerged from its longest-ever recession in the second quarter of 2013.

Some in the 19-country eurozone will have hoped for even stronger growth as the currency union has enjoyed tail winds such as a fall in oil prices and the euro - as well as the launch of the European Central Bank's 1.1 trillion-euro (£785bn) monetary stimulus.

The overall figure also masks disappointments such as Greece's return to recession.

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