Economy in eurozone will grow in Q1 at a rate of 0.3%: Commerzbank

Quotes from Commerzbank Corporates & Markets:

-We still assume that the economy in the euro zone will grow in Q1 at a rate of 0.3% on the final quarter of 2014, which would be similar to the growth rate in Q4 2014. And the outlook of a merely modest recovery is unlikely to change much in the coming quarters.

-The euro depreciation and lower energy prices are temporarily driving growth, but we do not expect a sustained and strong upturn. In many euro countries, the exaggerations in private sector debt and on the property markets that have arisen in the last few years have yet to be corrected, and this will continue to dampen economic growth.