RaboResearch - Economic Research

Economic Update

France: recovery stuck in the starting blocks

The French economy registered growth of 0.0% in 2014Q1 q-o-q, caused by weak consumer spending, poor business investment and declining net exports. We expect these trends to continue and expect therefore a very modest recovery going forward.

Economic Update

Germany: mild winter dominates the figures

The German economy had a strong start of 2014 growing 0.8% q-o-q. The growth acceleration can partly be attributed to the soft winter that boosted construction activity. Therefore we expect a somewhat lower growth figure for the current quarter.