EU Commission spring economic forecasts expected after 05:00 ET (09:00 GMT)
- The prior Feb outlook saw best growth prospects since 2007 citing lower oil prices, a weakening EUR currency and ECB QE Prior Winter forecasts
2015 Outlook
- Raised 2015 Euro Area (EU-18) GDP growth from 1.1% to 1.3%
- Raised Germany GDP from 1.1% to 1.5%
- Raised France GDP from +0.7% to +1.0%
- Raised Spain's 2015 GDP forecast from 2.2% to 2.3%
- Maintained Italy GDP at 0.6%
- Lowered UK GDP from 2.7% to 2.6%
2016 Growth Outlook:
- Raised 2015 Euro Zone GDP growth from 1.7% to 1.9%
- Raised Germany GDP from 1.8% to 2.0%
- Raised France GDP from 1.5% to 1.8%
- Raised Italy GDP from 1.1% to 1.3%
-- Lowered UK GDP from 2.5% to 2.4%