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ECB revises down eurozone growth outlook
BC, Riga, 04.09.2015.
Print version
Print versionThe European Central Bank revises down the growth outlook for the 19-member eurozone amid a slump in demand from the world's leading emerging economies, notably China, reports DPA/LETA.
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The currency will grow by 1.4% this year – down from the 1.5% the bank forecast in both June and March, ECB chief Mario Draghi says.
Growth will then accelerate to 1.7% next year before edging up to 1.8% in 2017.
But this is lower than the 1.9% and 2% the bank forecast three months ago for 2016 and 2017 respectively.
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