Changes in Quarterly Forecasts for GDP Growth among the G-6 and Euro zone contrasts December 2014 GDP consensus projections in blue (data on pages 3, 28 and 29) with those published in December 2013 and June 2014. Sentiment in the Euro area countries has weakened, as illustrated by the growing gap between this month's quarterly GDP forecasts and those from 6 and 12 months ago. Germany will see growth dip in Q1 2015, partly as a base-year reaction to its upbeat Q1 2014. The recovery is expected to be drawn out amid concerns over Euro zone fundamentals. Italy is struggling with depression which has extended over many quarters despite past surveys predicting that the country would have exited recession by now. The Japanese chart highlights uncertainty overtheoutlook. By contrast, US and UK expectations are on a stronger bent.
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