Economic Outlook

Euro Area: Moderate Recovery proceeds

Kiel Institute Economic Outlook Euro Area, Nr. 10 (2015 | Q3)

Economic activity in the Euro Area is gradually gaining grip in 2015. Sentiment indicators suggest that the current - rather moderate - recovery will prevail over the second half of the year. The upswing is expected to broaden and to be increasingly driven by domestic forces. It is supported by favorable fi-nancing conditions and lower oil prices, combined with a relatively low external value of the euro.