The – modest – recovery in the euro area continues
The December Euro Growth Indicator, calculated by the EUROFRAME group, suggests that euro area GDP growth will accelerate in the turn of 2016 and 2017. Quarter-on-quarter GDP growth in the euro area would accelerate to around 0.5 per cent in both the fourth quarter of 2016 and the first quarter of 2017, up from the moderate rate of 0.3 per cent reported by Eurostat for the summer semester 2016. These forecasts imply a rather stable year-on-year growth rate of 1.7 per cent up to 2017Q1.
More information on this topic on our Euro Growth Indicator section.