ECB cut Eurozone's growth outlook for 2012

Note: This section contains information in English only.
Source: Marketwatch
The European Central Bank cut its growth forecast for 2012, leaving more space for central banks to lower their interest rates or make other bold actions to curb the Eurozone's debt crisis. The Eurozone's economy is now expected to shrink 0.3 per cent in this year, from the previous estimate of 0.2 per cent. Moreover, the outlook for 2013 was also lower to 0.6 per cent growth, from previous 1.0 per cent.

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