The European Commission's latest forecasts for growth and inflation are out — and for the first time in quite a while, they are making for pleasant reading. Expectations for both are up, from anaemic levels. Previously, the Commission had expected growth of 1.3% for the eurozone this year and 1.9% next year, with inflation of -0.1% and 1.3% for the same years respectively. Now it thinks the eurozone will see gross domestic product rise by 1.5% this year and 2.1% in 2016, with inflation rates of 0.1% and 1.5%. Pretty much every economy (bar one) has had its growth forecast hiked or held where it is. Here are the big four: Germany is expected to grow by 1.9% this year, up from a 1.5% forecast in February. France is expected to grow 1.1%, up from 1%. Italy is looking for growth of just 0.6%, the same as before. Spain is another strong performer, with growth of 2.8% expected, up from 2.3% before. Greece's forecast was slashed, with a 2.5% growth forecast for 2015 made in February reduced to 0.5%. Here's how it looks: Watch EU commissioner Pierre Moscovici's news conference here.Join the conversation about this story » NOW WATCH: Here's what 'Game of Thrones' stars look like in real life
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