Europe

摘要

Although the Eurozone recovery gained some momentum in the latter part of 2014, GDP growth remained sluggish. However, there are signs that the recovery has picked up a gear in early 2015. Industrial and construction production, retail sales and new car registrations are all on track to grow more strongly in Q1 than in Q4. Reflecting this, our GDP indicator, which uses timely hard and survey data to forecast GDP growth, points to a quarterly rise of about 0.8%, more than double Q4's gain of 0.3%.