Economic Outlook
Euro Area: Moderate Recovery proceeds
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European Union & Euro
Business Cycle Euro Area
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.
