FRANKFURT (Thomson Financial) - Euro zone GDP growth is expected to reach 0.7 pct in the second, third and fourth quarters, according to the main economic institutes from Germany, France and Italy.
Euro zone GDP also grew 0.7 pct in the first quarter.
The forecasts by Germany's Ifo institute, France's Insee and Italy's Isae institute show an upward revision from their previous projections for the second and third quarters.
They were previously forecasting second- and third-quarter growth of 0.6 pct. They had not previously made a forecast for the fourth quarter.
The European Commission earlier left its euro zone GDP growth forecasts for the second and third quarters unchanged at 0.4-0.8 pct.
It also narrowed its forecast for fourth-quarter growth to 0.3-0.8 pct from 0.2-0.8 pct.
alfred.kueppers@thomson.com
amk/slj
