Eurozone Economic Outlook for 2016

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The Eurozone economy will grow by 1.7 percent in 2016 and 2017 according to Euromonitor International. Domestic demand continues to be the main driver for this recovery, while global exports demand continues to weaken. Consumer spending will likely increase due to improvements in the labour market and better credit conditions. Uncertainty does play a factor as political challenges and loss of confidence in financial markets could take a toll on the recovery.

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