Eurozone
The European Commission revises upwards its growth forecasts
The European Commission has revised upwards its forecasts and is looking for GDP growth of 1.3% in 2015, including 1.5% for Germany, 1% for France and 2.3% for Spain.

United States
Making sense of recent data
GDP growth slowed markedly in Q4 2014. Nonetheless the underlying trend remains robust. US corporate and household spending was up by 4% a quarter. And all this without inflation.

Germany
Self-esteem
Germany progressively digests the Russian crisis; economic activity accelerates. In Germany, the economic model, based on competitiveness, market share defence and budgetary orthodoxy, is unlikely to be questioned soon.

Japan
Exiting deflation
Japan is currently exiting almost two decades of deflation. The extremely loose monetary stance since April 2013 has succeeded in raising inflation.

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