EUROZONE ECONOMY GROWS BY 0.5 % IN FIRST QUARTER OF 2017

Brussels, – The Eurozone economy grew by 0.5% in the first quarter of 2017, the EU statistics office Eurostat said Wednesday.

The economy of the entire European Union grew at a quarterly rate of 0.4 %.

Compared with the same period last year, gross domestic product (GDP) rose by 1.7 % in the Eurozone and by 1.9 % in the EU.

The GDP figures are a measure of the total value of all goods and services produced, and a broad measure of economic activity and health. (QNA)

Source: Qatar News Agency