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European Union growth

7 Mar 2018

On the one hand the European Union economy grew at its fastest pace in a decade last year, (figures from the EU statistics office Eurostat have confirmed). On a more circumspect level the expansion - accelerated in the European Union’s biggest eastern economies - may have reached its peak, with economies operating at or above potential and central banks starting to raise borrowing costs. Feeding into the equation, unemployment is currently at record lows across the region with the suggestion that some companies may struggle to find workers, leaving orders unfulfilled.