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Friday, 26.04.2024, 08:22
ECB lowers inflation and growth outlook for eurozone in 2014 and 2015
BC, Riga, 05.12.2014.
Print version
Print versionEuropean Central Bank chief Mario Draghi said on December 4, 2014, that the ECB has "significantly" revised down its inflation and growth outlook for the eurozone, reports LETA/DPA.
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The eurozone economy is now expected to grow by 0.8% in 2014, down from the ECB's September forecast of 0.9%.
Growth will then accelerate to just 1% in 2015, instead of the previous estimate of 1.6%, and by 1.5% in 2016. The previous forecast for 2016 was 1.9%.
Inflation is projected to average 0.5% this year and then edge up to 0.7% in 2015 and 1.3% in 2016.
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