According to the EUROGROWTH indicator calculated by the EUROFRAME group in January 2016, euro area GDP growth will be rather sustained at the turn of 2015 and 2016. The expected quarter-to-quarter growth rates are unchanged from the previous December 2015 estimate, namely 0.7 per cent in the fourth quarter of 2015 and 0.5 percent in the first quarter of 2016. On a year-over-year basis, GDP growth would reach 1.9 per cent, which means however an acceleration from the 1.6 percent currently estimated by Eurostat for the third quarter of 2015.
