Opinion Dan O'Brien

Tuesday 17 July 2018

Dan O'Brien: Europe still thriving, despite air of uncertainty

But last week also brought some reassurance about the current state of the British economy. The June PMIs point to further resilience, indicating solid and strengthening growth in the second quarter. Stock photo: PA Wire/PA Images
But last week also brought some reassurance about the current state of the British economy. The June PMIs point to further resilience, indicating solid and strengthening growth in the second quarter. Stock photo: PA Wire/PA Images
Dan O'Brien

Dan O'Brien

Mid-year it is a good moment to take stock. With the Irish economy in rude health, what of the wider European economy upon which Ireland is so dependent?

Last week's EU-wide jobless figures show that the continent is just a few months away from recording its lowest unemployment rate this century. The share of the bloc's labour force out of work fell to 7pc in May.

While the range of unemployment rates across the bloc remains large, the most important point is that jobless rates have fallen in every single one of the 28 member states over the past year.

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