Euro area growth is strengthening in the course of this year according to the Eurogrowth Indicator calculated by the Euroframe group in August 2015. GDP growth has accelerated slowly on quarter-on-quarter basis from a modest 0.2 per cent in the summer of 2014 to 0.4 per cent in the first quarter of this year. The indicator points to a further acceleration of growth to 0.6 per cent in the second quarter and 0.7 per cent in the third quarter of this year. The estimated growth rates are the highest since winter 2010/2011. The third-quarter estimate was raised by 0.2 percentage …read more
Source: ETLA