ECB Raises Eurozone Growth Outlook
The Eurozone GDP is expected to grow 1.2% in 2014, European Central Bank President Mario Draghi announced Thursday.
At his monthly press conference in Frankfurt, the ECB's chief asserted that economic recovery is under way, even though it is not at the desired pace, Businessweek has reported.
Draghi said that ECB estimates show average GDP of the Eurozone would be up 1.5% in 2015 and 1.8% in 2016.
He also underlined that, according to ECB forecasts, deflation is now less of a threat to European economic output and that, according to latest ECB forecasts, the 18-nation bloc will escape a Japan-style period of falling prices as momentum in the economy improves.
- » ECB: Euro Zone Survey Data Point to Robust First Quarter
- » Greece Fourth Largest Investor in Bulgaria for 2016
- » Austria Raises Sum for Voluntarily Leaving Migrants from EUR 500 to EUR 1,000
- » New Republic Wins Case Against Fuel Cartel
- » Transport Minister To Propose End to Sofia Airport Concession
- » Belgian Spadel Is New Owner of Devin