Eurozone economic outlook brightens with nascent recovery confirmed

The euro area economy grew 0.3% in the final quarter of last year, confirming initial estimates that the region is pulling out of its malaise. With business survey data indicating that the upturn has extended into the first quarter of 2015 and the European Central Bank commencing its €60bn per month quantitative easing programme in March, the region’s outlook is the brightest seen since before the global financial crisis.