RTTNews - Eurozone Economic Sentiment Rebounds

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Wednesday, official data revealed that Eurozone economic sentiment improved in April, for the first time since May 2007, from a record low. The German economy is likely to grow in 2010 on export recovery and stimulus measures, the government said while forecasting the worst contraction since the World War II for this year.The European Central Bank said the annual growth rate of M3 in the euro area slowed to 5.1% in March from 5.8% in February. Economists were expecting an annual 5.7% rise. Germany's Federal Ministry of Economics and Technology said gross domestic product, or GDP, will fall 6% this year, before rising 0.5% in 2010. The forecast for 2009 was lowered from an earlier prediction of a 2.25% contraction.