BRUSSELS: The eurozone economy rebounded by a strong 2 per cent in the second quarter, according to official data released on Friday, as reopened businesses lifted activity out of the pandemic doldrums.
Growth in Germany, the EU's biggest economy, however, disappointed at 1.5 per cent while France renewed with solid growth after a period of stagnation in the winter. All eyes are now on whether the momentum can hold, with the Delta variant of the virus seeing countries consider new orders to limit activity that could put a brake on the economy's growth dynamic.Eurostat, the EU's official data agency, also said that inflation rose to 2.2 per cent, above the European Central Bank's target of near, but below, 2 per cent.
These must remain as long as the pandemic continues"to cast a shadow", ECB chief Christine Lagarde said last week.
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