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 editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.
Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.