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Real GDP accelerated in the Eurozone in Q2, as the year-ago pace of economic growth crossed the 2 percent threshold for the first time since Q1-2011. Economic growth has become increasingly broad based in recent quarters amid steady employment gains and im proving business sentiment. Looking forward, we expect that the increasingly self-sustaining economic expansion will remain intact. Our current forecast looks for real GDP in the Eurozone to grow 2.1 percent in 2017 which, if realized, would be the strongest annual average growth rate since 2007.

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