M&C News: Europe chalks up robust economic growth, analysts predict
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Europe chalks up robust economic growth, analysts predict
Berlin - The European economy roared ahead during the second quarter with data to be released Monday expected to show both German and eurozone growth bounding ahead in the second-quarter. Analysts are predicting that the data will show Germany having chalked up a quarter-on-quarter growth rate of 0.8 per cent. This will bring the year-on-year expansion rate for Europe's biggest economy to 1.8 per cent, as a result helping to fuel expectations that the European Central Bank will deliver further rate hikes in the coming months.
'Both (Germany and the eurozone) are expected to reflect above trend growth in the second quarter of 2006,' said the investment Dresdner Kleinwort in a note to clients.
