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While the data for the first half of the year were a touch weaker than anticipated, there are several reasons for optimism Mattia De Sciglio Jersey , said Jack Allen, a European economist, in a research published via think tank Capital Economics.

"First of all, German GDP data for Q2 have not yet been released, and the monthly data point to a sharp acceleration in growth there. So the euro-zone aggregate may yet be revised up. And July's consumer and business surveys point to continued fairly strong growth at the start of Q3 Marko Pjaca Jersey ," said the Allen.

"The big picture then is that economy is performing well, which strengthens the case for the ECB to taper its asset purchases next year," said Allen, noting that eurozone Q2 GDP data might strengthen case for normalising monetary policy very gradually.

Meanwhile, thanks to the 0.6-percent growth Mario Mandzukic Jersey , European leaders heaved a big sigh of relief in the midst of a rising populism swiping the continent.

Eurozone policymakers will be cheered by today's growth figures, said Mehreen Khan of the Financial Times.

The health of the eurozone economy has confounded critics this year after a series of electoral setbacks for eurosceptic parties in the Netherlands, Austria, and France and has boosted business and consumer confidence, said Khan.

Besides the encouraging GDP growth Mario Lemina Jersey , the European economy has already showed many buds of recovery in recent months.

Data from the Eurostat showed that Euro area annual inflation is expected to be 1.3 percent in July 2017, stable compared with June 2017. The seasonally-adjusted unemployment rate of the area has dropped to a nine-year low of 9.1 percent, with its economy having been expanding for 17 consecutive quarters.

Niels Thygesen, chairman of the European Fiscal Board, who believed that the European economy is coming back Leonardo Bonucci Jersey , scoffed at the idea of "recovery" in an exclusive interview with EURACTIV last month.

"We are approaching normality. We should stop talking about a recovery phase," said Thygesen, proposing a return to a more prudent orientation for 2018.

China marks PLA's 90th anniversary with grand rally

China issues commemorative stamps to mark 90th birthday of PLA

Nanchang Uprising commemorated in east China's Jiangxi

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Military parade held to mark PLA 90th birthday (Part I)

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