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According to the latest data provided by Eurostat, Europe has been experiencing a period of stability and relative economic growth since the end of 2016: +0.7% in the second and third quarters of 2017 for eurozone and EU countries.
Ireland stands out. Besides the extraordinary peak of the first quarter of 2015 (21.6% compared to the same period in 2014, while the EU saw 0.7% on average during the same period), Ireland’s economy grew 4.2% in the third quarter of 2017 (3.5% more than the EU as a whole).
In contrast, the worst figures were recorded by Denmark: the Scandinavian country has seen its economic growth drop from 0.6% in the second quarter of 2016 to -0.5% in the third quarter. This figure also contrasts with the performance of Norway, Sweden and Finland, which recorded growth in line with the EU average (0.8%, 0.7% and 0.4% respectively).
The data collected by Eurostat takes into account the different variables which contribute to the gross domestic product (GDP) of each country – goods and services produced, minus the cost of goods or services used in their creation – and data relating to employment and consumption