Europe & Russia: Economic overview
Growth could improve in some of Europe’s leading economies in 2016.
Germany’s economy could grow at a stronger rate toward the end of this year, according to an outlook from the European Commission. Annual growth of roughly 1.6% is estimated for Q2, and this is forecast to increase to 2% by Q4. Strong consumer spending, good conditions in the labour and financial markets and increases in public spending are supporting increased growth. Although growth looks set to improve, it is not expected to have a material impact on the prospects of the gas market over the coming months.