Updated Friday, May 16, 2008 0:00 am TWN, AP

Euro economies grow 2.2% in first quarter

BRUSSELS -- Euro zone economies grew 2.2 percent in the first three months ago from a year ago, the EU statistical agency Eurostat said Thursday, as it confirmed that inflation in April had cooled down from a record high. The 15 nations that use the euro also grew a strong 0.7 percent from the previous quarter, Eurostat said — far faster than the 0.4 percent quarter-on-quarter growth seen in the final three months of 2007.
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