Euro area growth is slowly gaining traction

Growth in the euro area will remain at 0.3 per cent in the first quarter of 2015. The first estimation for the second quarter predicts a small improvement to 0.4 per cent, confirming the modest upward momentum. On a year-on-year basis, the expansion is set to strengthen from 0.9 per cent in the past couple of quarters to 1.3 per cent in the coming quarter. Although modest by historical standards, this would be the highest rate of growth in four and a half years.

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

The 2015 EUROFRAME conference deadline for submission of papers is getting close.

The 12th EUROFRAME conference to be held in Vienna on 12 June 2015 will deal with "Challenges for Europe 2050". The deadline for submitting papers is 16 March 2015.

The conference call can be downloaded here (PDF).

Growth momentum in the Euro Area continues to be weak in winter 2015

Euro Area growth remains weak in the winter 2014/2015 according to the February EUROGROWTH Indicator calculated by the Euroframe group. The quarter-to-quarter growth rate for the fourth quarter of 2014 is forecast at 0.3 per cent, unchanged from the January estimation. The forecast growth rate for the first quarter of 2015 inched up by 0.1 percentage points to 0.4 per cent. The year-on-year growth rates are 0.8 and 0.9 per cent, respectively.

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

The EUROFRAME Economic Assessment of the Euro Area report has been released.

Currency depreciation against the US dollar and the low level of the price of crude oil will help to gradually strengthen the economic recovery. GDP is projected to grow by 1.5 and 1.9 per cent in 2015 and 2016, respectively. The report includes a box focusing on the economic impact of lower oil prices.

The report can be downloaded here (PDF).