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The EU economy will post a 2.5 percent growth rate, largely thanks to a new accounting system. (Photo: Jorge Franganillo)

Sex and drugs drive EU growth surge

Ask a politician in any EU country what they would give for an extra 2 percent on their nation's economic output without any policy changes, and you are likely to be offered a couple of limbs and a body part.

Yet Eurostat is set to publish figures on Friday (17 October) showing that the bloc's GDP has grown by nearly 2.5 percent.

However, the apparent surge in economic growth is not the result of increased spending or output and will not make anyone feel richer. Instead it is the...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

The EU economy will post a 2.5 percent growth rate, largely thanks to a new accounting system. (Photo: Jorge Franganillo)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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