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ECB Predicts 10-Year-High Growth for Eurozone
Economic growth in the eurozone will climb by a “robust” 2.2% this year, its strongest pace since the 3% rate achieved in 2007, the European Central Bank predicts.
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Economic growth in the eurozone will climb by a “robust” 2.2% this year, its strongest pace since the 3% rate achieved in 2007, the European Central Bank predicts.
The ECB previously forecast growth of about 2% in 2017. The central bank also lowered its expectation for inflation to 1.2% next year and 1.5% in 2019.
ECB President Mario Draghi cautions that the ECB plans to continue a “very substantial” level of economic stimulus to help nudge inflation toward the 2% target it considers healthy. The bank has been buying €60 billion ($72 billion) worth of bonds per month under a long-running quantitative easing program.
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