Friday, October 24, 2014   

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:
Spain jobless rate down: official data (10-23 18:17)
German industry downgrades growth forecast (10-23 17:24)
UK retail sales fall in warm September: data (10-23 17:22)
Eurozone business activity picks up, worries remain: survey (10-23 16:49)
Hang Seng dips on profit-taking (10-23 16:41)
European stock markets drop at open (10-23 16:09)
Daimler says profits up strongly in Q3 (10-23 16:09)
Tesco chairman quits over profits fiasco: company (10-23 15:07)
Nikkei ends lower (10-23 15:03)
Manufacturing moving from China to US: survey (10-23 12:28)

More breaking news >>

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