Connect to share and comment

URGENT ¥¥¥ ECB trims 2013, 2014 eurozone growth forecasts

PlacardEnlarge
(Globalpost/GlobalPost)

The European Central Bank on Thursday trimmed its growth forecasts for this year and next as the impact of the bloc's debt crisis continued to be felt in the 17-country eurozone.

The ECB said it saw the eurozone economy contracting by 0.5 percent in 2013 before recovering to grow by 1.0 percent next year. It had previously forecast -0.3 percent and 1.2 percent respectively.

ric/spm/wai

http://www.globalpost.com/dispatch/news/afp/130307/urgent-ecb-trims-2013-2014-eurozone-growth-forecasts