Euro Growth Indicator does not confirm a strengthening in Euro Area Growth

The Euro Growth Indicator calculated by the EEUROFRAME group in May 2016 suggests a continuation of moderate GDP growth in the first half of 2016. In quarter-on-quarter terms, the euro area GDP would grow by 0.3 per cent in the first two quarters of 2016 as it did in the third and fourth quarters in 2015. The stable quarterly growth rates forecast for the first two quarters of 2016 correspond to declines of the year-on-year rates to 1.3 and 1.2 per cent from the 1.6 per cent growth in the fourth quarter in 2015.

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