EURO ZONE

摘要

Q1 GDP rose by 0.2% (q-o-q) and, on a y-o-y basis, the economy emerged from contractionary territory, advancing by 0.6% following five straight quarters of decline. Bad winter weather contributed to the somewhat muted outturn, but going into Q2 business surveys have shown some improvement. Indeed, the ECB has even upgraded its 2010 GDP forecast for the Euro zone from 0.8% to 1 %, although this still trails those for the US and Canada by some distance.