The European Commission today expects Europe to grow at a quicker pace than projected previous as a result of higher exports supporting growth levels especially a weaker euro. The European Commission forecasts GDP this year to stand at 0.9% from the prior estimates of 0.7%, while next year to expand 1.5%.

Also the European Commission projected that debt average in the euro zone might be equal 84.7% of GDP this year and 88.5 next year.