European Economics

Despite being a train wreck heading into 2017, Europe is enjoying an economic upswing. The eurozone grew 2.5% in 2017, its fastest rate in a decade, and on par with US growth. This surprisingly strong progress has pushed the euro up 17% against the dollar. Moreover, French business confidence is near its best since 2007, Greek, Italian, and Portuguese credit was recently upgraded, and much of Eastern Europe is booming!