The eurozone will in 2007 take over from the US as the driver of world economic growth, according to Paris-based think tank the OECD, with a strong performance by Germany giving Europe the edge.
The 13-state strong European currency union will see 2.7 percent GDP growth this year compared to 2.1 percent in the US, the OECD predicted in a report out Thursday (24 May). Last year the euro states lagged 0.5 percent behind the US.
"Europe [is] taking over the baton from the United St...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.