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1st LD: Eurozone economy to grow over 1 pct in 2014: IMF


WASHINGTON, July 14 (Xinhua) -- The eurozone economy is expected to grow just over 1 percent this year before expanding 1.5 percent in 2015, the International Monetary Fund (IMF) said on Monday.

The eurozone recovery is taking hold, as real output has expanded for four consecutive quarters, and financial market sentiment has improved markedly, the Washington-based lender said in a statement after concluding the 2014 Article IV Consultation with the region.

"But the recovery is neither robust nor sufficiently strong," IMF said, highlighting weak demand, low inflation and financial risks in countries still grappling with heavy debt and high unemployment.