Europe struggles to get back to work

Despite GDP growth beating market expectations, the eurozone recovery remains frustratingly slow, with persistently high unemployment highlighting the region's weaknesses.

The fragile euro recovery gathered some momentum towards the end of 2013, but with unemployment remaining at an elevated level, there remains significant weakness across the region.

According to Eurostat, eurozone real GDP rose by 0.3 per cent in the December quarter, slightly higher than expectations, to be 0.5 per cent higher over the year. This follows growth of 0.1 per cent in the September quarter.

Graph for Europe struggles to get back to work


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