GDP in the Eurozone grew 0.5% in Q2 2017; the second highest growth since the economic crisis. Economic sentiment is at a multi-year high thanks to renewed investment improving labour market conditions. GDP is expected to grow 1.9% in 2017 and slow slightly to 1.7% in 2018. The unemployment rate across the Eurozone fell to 9.3%, down from 10.2% a year ago. According to Focus Economics, in the Euro area, Ireland is forecast to be the fastest growing economy with an expected growth rate of 4.3% in 2017 followed by Luxembourg with forecasted growth of 3.9%. On the other end of the spectrum, Greece and Italy will experience rather modest GDP growth of 1.0% and 1.2% respectively.
Source : Savills