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Europe's recovery is spilling over to rest of world

Years of unprecedented monetary stimulus have helped reduce unemployment and bolster private consumption

The eurozone's turnaround is striking for a region that plunged from the global financial crisis into its own sovereign debt turmoil, record unemployment and near-deflation that threatened the very survival of the currency union.


THE global economy can thank Europe's robust growth for the improving outlook, according to the International Monetary Fund (IMF). Forecasting 2.4 per cent expansion in the region this year, up from 1.7 per cent in 2016, the Washington-based lender said that the brighter...

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