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Euro area hits six year record in economic growth

Eurozone countries have recorded the highest rate of economic growth for the past six years - 3.4 percent of GDP - in the first half of 2006, with the European Central Bank expected to refer to the positive output figures in a Thursday interest rate hike.

According to the European Commission's quarterly report published on Monday (2 October), the single currency zone's economic recovery "appears to be on solid ground," with domestic demand having become the main source of growth.

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