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.
- » Bulgaria Says BSEC Countries Need to Offer Joint Products to Boost Tourist Flow
- » Bulgaria, Russia Discuss Future of Equipment Built for Scrapped Belene NPP Project
- » Bulgaria to Back Lending to SMEs with EUR 102 M in EU Funds by 2020
- » EC Closes 2012 Power Exports Case against Bulgaria
- » Swiss-Bulgarian IT Firm Wins Most Secure Cloud Platform Award
- » China’s JAC Motors Looks into Opportunities to Start Making Electric Cars in Bulgaria