Thursday, November 26, 2015   

ECB raises euro area growth forecast, predicts lower inflation
(03-06 21:51)

The European Central Bank raised slightly its growth forecast for the euro area this year, but trimmed projections for inflation.
ECB president Mario Draghi said Frankfurt, Germany, the central bank is pencilling in economic growth of 1.2 percent in 2014, 1.5 percent in 2015 and 1.8 percent in 2016, while inflation was expected to average 1 percent in 2014, 1.3 percent in 2015 and 1.5 percent in 2016.
"Compared with the December 2013 Eurosystem staff macroeconomic projections, the projection for real GDP growth for 2014 has been revised slightly upwards,'' Draghi said in a statement.--AFP
Other Business breaking news:
Osborne abandons UK tax credits (11-25 21:32)
Europe equities rally (11-25 21:16)
Hungary plans yuan bonds (11-25 21:05)
Singapore cuts growth forecast to 2pc (11-25 20:09)
Lufthansa cabin crew to continue job talks (11-25 17:24)
High-speed traders face registration rule (11-25 17:16)
Toyota Corollas and other models recalled for air bag defects (11-25 16:45)
Hang Seng closes lower, Shanghai gains (11-25 16:18)
US stocks rebound (11-25 11:16)
HK stocks lower, CKI and Power Assets shares dip (11-25 11:12)

More breaking news >>

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