EUROFRAME News

News

A slight improvement in the euro area growth outlook

The EUROGROWTH indicator forecasts are unchanged in January 2015 from December 2014. According to the indicator, euro area GDP will increase by 0.3 per cent in both the last quarter of 2014 and the first quarter of 2015 which is only slightly better than growth rates released for the two previous quarters. On a year-on-year basis, the growth path would remain very weak at less than 1 percent.

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

The 12th EUROFRAME Conference on Economic Policy Issues in the European Union will be held on 12 June 2015 in Vienna. The conference will deal with "Challenges for Europe 2050", particularly with those that result from a reduced long-term growth trajectory. Submissions should be received by 16 March 2015.

The call for papers has been released and can be downloaded here (PDF).

Near-term outlook for the euro area has brightened up a bit

The December EUROGROWTH indicator suggests that the risks of the euro area economy slipping into the third recession in five years have diminished, although the growth momentum remains modest. According to the latest estimation, growth in the euro area will increase slightly to 0.3 per cent in the final quarter of 2014 and in the first quarter of 2015, from the slow pace of growth of 0.1 and 0.2 per cent, respectively, realised in the two quarters before.

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

Fears of a ‘triple dip’ in the euro area

The persistent weakness of to the EUROGROWTH indicator raises concerns that a sustained recovery in the euro are economy may again fail to materialize. According to the indicator, growth will remain weak at 0.2 per cent in the last two quarters of 2014. On a year-on-year basis, the expansion path would continue to decelerate, from its former peak at 1.2 percent in 2014Q1 to 0.7 in the final quarter of 2014.

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