ECM: Germany helps eurozone economy pick up speed in fourth quarter
BRUSSELS: Strong growth in Germany helped the eurozone economy expand faster than expected in the final three months of 2014, the latest in a string of indicators showing the region is picking up steam amid lower oil prices and a weaker euro.
Economic output across what was then the 18-country eurozone was 0.3 per cent higher in the fourth quarter than the previous three-month period, the EU's statistics agency said Friday. That equates to an annualized rate of around 1.2 per cent, whi ..