By Daniel Hunter
The eurozone is set to grow faster than first forecast, according to the European Commission.
In its latest forecast, the European Commission is predicting growth of 1.6% in 2015, up from its previous estimate of 1.4%. Its forecast for 2016 remained at 1.9%.
It said that the weak euro, low oil prices and the impact of stimulus measures are helping to boost the eurozone economy.
As a result of higher growth, the eurozone can expect to see inflation rise and unemployment fall, the Commission said.
"The European economy is enjoying its brightest spring in several years, with the upturn supported by both external factors and policy measures that are beginning to bear fruit," said Pierre Moscovici, commissioner for economic and financial affairs, taxation and Customs.
"But more needs to be done to ensure this recovery is more than a seasonal phenomenon."
In January, the European Central Bank (ECB) launched an aggressive quantitative easing programme to inject €1 trillion into the eurozone economy.
Despite the improved forecasts, the 19-member currency bloc still faces uncertainty surrounding Greece. The debt-ridden country is set for more talks with its creditors this week.
It is predicted that Greece will return to growth of 2.5% in 2016, but only it agrees a new deal to extend its bailout package.
"In light of the persistent uncertainty, a downward revision [for Greece] has been unavoidable," Mr Moscovici said.