Sunday, November 23, 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:
PBOC to inject liquidity if necessary (11-21 19:03)
China cuts interest rates (11-21 18:41)
Indexes track Connect (11-21 17:35)
ECB chief says will ramp up asset purchases 'without delay' (11-21 17:09)
European stocks rise at open (11-21 16:23)
Hang Seng ends higher (11-21 16:22)
Nikkei closes higher (11-21 15:03)
Nikkei down by break (11-21 11:03)
Taiwan export orders hit record high on iPhone 6 demand (11-20 19:08)
Japan exports up 9.6 percent in October (11-20 18:41)

More breaking news >>

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