The euro-zone GDP grew 0.3% quarter-to-quarter, giving an annual growth of 0.9% in the fourth quarter of 2014, with a strong push from Germany’s economy, Euler Hermes analysts noted in this week’s report.
Meanwhile, France’s economy is barely growing while Italy ended the third consecutive year in recession.
Euler Hermes expects a 1.2% growth in the euro-zone in 2015, with Germany and Spain as the main contributors. See more information in the full report.