[xtypo_dropcap]T[/xtypo_dropcap]he economy of the eurozone, consisting of countries who's common currency is the euro, increased by 1 percent during the second quarter this year, according to the European Union's statistical office Eurostat.
The GDP growth comes in higher than the 0.3 percent in the first quarter of 2010.
The eurozone’s fast growth, currently surpassing the United States, is mainly due to profitable exports stimulated by the lowered value of the euro.
The growth is accelerated by the German economy, which increased by 2.2 percent during the second quarter of this year. A rise of 0.5 percent in household consumption stimulated the growth as well.
Overall investments grew by 1.8 percent, and both exports and imports by 4.4 percent, according to Eurostat.
All economies in the eurozone experienced an upsurge over the last three months, with the exception of Greece, which went down by 1.5 percent, and Hungary retaining the same rate. Lithuania grew by 3.2 percent, Finland by 3.1 percent, and Estonia by 2 percent. The U.K., Sweden, and Slovakia increased by 1.2 percent.
