Germany is set to accelerate away from France and Italy in 2014 as the fragmented euro zone economy gradually recovers from its worst crisis, the European Commission said on Tuesday.
In a departure from the gloom of recent years, Brussels slightly increased its growth prediction for the bloc’s 9-trillion-euro economy to 1.2 percent in 2014 from an earlier 1.1 percent.
It was powered chiefly by an expected 1.8 percent jump in the euro zone’s biggest economy Germany.
The statistics also made clear the scale of the challenge facing Italy and its new prime minister, Matteo Renzi, in turning around the bloc’s third-largest economy. The Commission predicts meager growth of 0.6 percent this year.