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Recovery Euro area GDP growth expected to remain on track

GDP growth in the euro area will slightly accelerate to 0.6 per cent in the second quarter of 2015 from 0.4 percent both in the final quarter of last year and in the 1st quarter of 2015, according to the July EUROGROWTH Indicator estimate. While the second quarter estimate is unchanged from last month, the estimate for the third quarter is revised downwards, from +0.7 % to +0.5 percent, reflecting somewhat weaker confidence in the industrial sector.

More information on this topic on our Euro Growth Indicator section.

A revised programme of the 12th Euroframe June conference dealing with Challenges for Europe 2050 to be held in Vienna on June 12th 2015 has been released. Download here.

 

Recovery in the euro area is picking up speed

Growth in the euro area will accelerate to 0.6 per cent in the second quarter of 2015 from 0.4 percent in the first quarter, according to the June EUROGROWTH indicator. The first estimation for the third quarter forecasts a further slight increase in the growth rate to 0.7 percent. On a year-on-year basis, the expansion is expected to strengthen to 1.6 per cent in the current quarter and 2.1 percent in the third quarter, the highest rate of growth since early 2011.

More information on this topic on our Euro Growth Indicator section.

Programme, registration form and a number of papers of the 12th Euroframe June conference dealing with Challenges for Europe 2050 to be held in Vienna on June 12th 2015 can be downloaded here.