Eurozone growth rate unexpectedly doubles

April 29, 2016 9:52 AM

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The eurozone's economic growth rate doubled in the first three months of the year compared to the fourth quarter — to 0.6%, the Eurostat statistics agency said Friday.

The relatively strong expansion rate, its fastest in a year, was not expected and comes amid a challenging economic recovery for the region in the wake of the 2008 financial crisis.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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