Euro area GDP expected to remain on a moderate growth path
Real GDP in the euro area should grow by 0.5 and 0.4 percent, respectively, in the second and third quarters of this year, according to the July Euro Growth Indicator. The indicator’s estimate for the second quarter has been revised slightly upward, while the estimate for 2016Q3 is unchanged. On a y-o-y basis, these forecasts imply a stronger momentum, rising from 1.5 percent growth in 2016Q1 to 1.8 and 1.9 percent in the second and third quarters, respectively.
More information on this topic on our Euro Growth Indicator section.