AN improvement in economics growth in the EU during the second half of 1996 is likely to continue into next year, according to the Minister for Finance, Mr Quinn.

In a statement to be delivered to the annual meeting of the International Monetary Fund and the World Bank in Washington today, Mr Quinn - in his role as President of the Council of Finance Ministers - says that the expected rebound in European economies is the result of good investment profitability and a favourable international environment.

Mrs Quinn says that considerable progress has been made within the EU on price and exchange rate stability.