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Business / Finance

The Eurozone. The ECB sharply downgraded its growth forecasts for the ...

ProFinance.Ru Economic news and market statistics ... 07.03.2019 at 13:50

Financial-analytical portal ProFinance.Ru

The European Central Bank (ECB) has sharply lowered its growth forecasts for the economy and consumer prices in the Eurozone in 2019, noting that inflation is unlikely to return to the target level of "just below 2% per annum" until the end of 2021. The ECB President Mario Draghi during a press conference on the outcome of the March meeting, described the revision as "substantial." Now the Central Bank expects a rise of GDP in 2019 from 1.1% projected in December to 1.7%, forecast for 2020 was reduced from 1.7% to 1.6%, 2021 - confirm

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