Friday, January 30, 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:
Eurozone deflation accelerates in January (01-30 18:10)
German retail sales grow for fifth year in row: data (01-30 17:32)
Spanish economy grows by 1.4 percent in 2014: stats office (01-30 17:19)
Taiwan's economy slows in fourth quarter 2014 (01-30 17:03)
European stocks rise at open (01-30 17:02)
Hang Seng ends lower (01-30 16:16)
Honda cuts full-year profit forecast (01-30 15:14)
Japan's biggest airlines project smooth annual earnings (01-30 15:13)
Nikkei finishes higher (01-30 15:01)
Japan unemployment rate down in December (01-30 12:23)

More breaking news >>

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