A weaker growth momentum in the euro area
The EUROGROWTH indicator outlook has been significantly revised downward in March. According to the new estimate, growth in the euro area should remain moderate 0.3 percent growth both in 2016Q1 and 2016 Q2, whereas the February indicator had still signalled an acceleration of growth in the first quarter to 0.5 percent. On a y-o-y basis, these forecasts imply a weakening of growth, from 1.5 percent in 2015Q4 to 1.1 in 2016Q2.
More information on this topic on our Euro Growth Indicator section.