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Published on Tuesday, July 15, 2014 | Updated on Wednesday, July 16, 2014

Second-quarter growth and inflation stable, but with differences between countries

In the second quarter of the year, the eurozone recovery proceeded at a stable though weak pace, somewhat worse than we anticipated one month ago. Behind this stabilisation lies the strong moderation of growth in Germany, which could grow at a slower pace of around 0.2% QoQ, similar to that forecast for France and Italy, and in contrast with the pickup in growth in Spain (0.5-0.6% QoQ)