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Weekly Export Risk Outlook, May 13
The first positive signs of the European Central Bank's bond-buying program are visible in the first-quarter GDP growth figures, Euler Hermes noted in this week's Export Risk Outlook report.
The euro-zone GDP was up 0.4% q/q in the first three months, after a 0.3% growth in 4Q 2014, Euler Hermes analysts wrote in this week's report.
France and Spain account for half of the recovery, while Italy came out of recession.
Euler Hermes also analyzes the rate cut in Romania, the 13th since July 2013, predicting it is the last for now.The analysts see Romania's economic growth at 3% for the full year and expect the monetary easing cycle to end soon.
See other information about the European and global economies, in the full report.