Moody’s: Euro area expected to grow around 3% faster in 2017 and 2018

Following the Chinese growth forecasts revision published by Moody’s Investors Service earlier today, the US-based ratings agency now released its Euro area growth forecast report.

Key Details:

Germany 2017 GDP growth forecast revised up to 2.2%

Germany 2018 GDP growth forecast revised up to 2.0%

France 2017 GDP growth forecast revised up to 1.6%, previously 1.3%

France 2018 GDP growth forecast revised up to 1.6%, previously 1.4%

Euro area GDP growth forecast of 2.1% in 2017, and 1.9% in 2018

Euro area expected to grow around 3% faster in 2017 and 2018