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.