Weekly Export Risk Outlook, February 25

02.26.2015 ZF English

The Greek government got more time to negotiate with its creditors, and Germany's economy is poised for a moderate recovery, Euler Hermes noted in this week's Export Risk Outlook report.

Germany's GDP growth was confirmed at 0.7% q/q in the fourth quarter of 2014, mainly due to consumption fueled by lower oil prices. Construction investment grew strongly, while equipment investment was also up from the previous quarter.

"The pick-up in economic activity in the fourth quarter gives credence to our core scenario of a moderate overall recovery," Euler Hermes analysts wrote in this week's report.

Meanwhile, the new government of Greece presented a first list of reforms that were agreed by the creditors, a prerequisite of a four-month extension of the bailout package.

See other information about the European and global economies, in the full report.