(MENAFN- ValueWalk) As the global economic recovery, the one region that is surprising all economists is Europe. Europe, the area that only two years ago most economists had written off, grew at a rate of 2.5% in 2017, the highest pace since 2007 and many economists expect this momentum to continue into 2018.
Europe's growth has been pushed to new highs (the region is now growing faster than the US) thanks to a strong performance in all areas, but notably France where President Emmanuel Macron has taken his first steps to cut red tape and taxes. A recovery in business optimism within the region helped push growth to 1.9% for 2017, its most substantial rate of expansion since 2011.
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