Cranes at a construction site in Berlin. According to new European Union forecasts Europe's economy will grow by a substantially faster than expected 1.7 percent across the core eurozone this year.
"Based on an update for the seven largest EU member states focusing on growth and inflation this year... real Gross Domestic Product growth is now projected at 1.8 percent in the EU and 1.7 percent in the euro area in 2010," the European Commission said.
The previous forecast was for 0.9 percent growth in the eurozone in 2010, and 1.0 percent for the 27 EU members as a whole.
Brussels said it was encouraged to see signs of a "revival in domestic demand, including private consumption... particularly in Germany" alongside an export-driven industrial rebound.
But it also warned that "amid continued high uncertainty, risks to the EU growth outlook remain elevated."
Europe's economy outpaced the United States and Japan between April and June, pulled up by Germany's best quarterly performance since reunification in 1990, with growth of 2.2 percent.
The eurozone grew by 1.0 percent compared to quarter-on-quarter growth of 0.4 percent in the United States and 0.1 percent in Japan, according to official data, but masking deepening divergences even among the biggest countries and leading the EU to warn of "multi-speed" recovery in Monday's predictions."Based on an update for the seven largest EU member states focusing on growth and inflation this year... real Gross Domestic Product growth is now projected at 1.8 percent in the EU and 1.7 percent in the euro area in 2010," the European Commission said.
The previous forecast was for 0.9 percent growth in the eurozone in 2010, and 1.0 percent for the 27 EU members as a whole.
Brussels said it was encouraged to see signs of a "revival in domestic demand, including private consumption... particularly in Germany" alongside an export-driven industrial rebound.
But it also warned that "amid continued high uncertainty, risks to the EU growth outlook remain elevated."
Europe's economy outpaced the United States and Japan between April and June, pulled up by Germany's best quarterly performance since reunification in 1990, with growth of 2.2 percent.
The eurozone grew by 1.0 percent compared to quarter-on-quarter growth of 0.4 percent in the United States and 0.1 percent in Japan, according to official data, but masking deepening divergences even among the biggest countries and leading the EU to warn of "multi-speed" recovery in Monday's predictions."Based on an update for the seven largest EU member states focusing on growth and inflation this year... real Gross Domestic Product growth is now projected at 1.8 percent in the EU and 1.7 percent in the euro area in 2010," the European Commission said.
The previous forecast was for 0.9 percent growth in the eurozone in 2010, and 1.0 percent for the 27 EU members as a whole.
Brussels said it was encouraged to see signs of a "revival in domestic demand, including private consumption... particularly in Germany" alongside an export-driven industrial rebound.
But it also warned that "amid continued high uncertainty, risks to the EU growth outlook remain elevated."
Europe's economy outpaced the United States and Japan between April and June, pulled up by Germany's best quarterly performance since reunification in 1990, with growth of 2.2 percent.
The eurozone grew by 1.0 percent compared to quarter-on-quarter growth of 0.4 percent in the United States and 0.1 percent in Japan, according to official data, but masking deepening divergences even among the biggest countries and leading the EU to warn of "multi-speed" recovery in Monday's predictions.
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