Friday, August 5, 2011

Euro-Zone Economy Springs to Life

Friday, August 5, 2011

LONDON—The euro zone's economy grew at the strongest annual rate for three and a half years in the first quarter, led by a powerful surge in Germany and France, official data showed Friday.

The stronger-than-expected growth rate is likely to fuel expectations the European Central Bank will raise interest rates again soon, even though the figures also showed Italy and Spain lagged and Portugal fell back into recession.

The combined gross domestic product of the euro zone's 17 member states grew 0.8% from the fourth quarter of 2010 and 2.5% compared with the first quarter of last year, marking the ...

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