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4 Sep 2014
ECB's Draghi: Eurozone growth momentum to weaken in Q3
FXStreet (Łódź) - ECB head moves on to the forecasts saying that the outlook for inflation remains subdued.
• He suggests the new measures will help push CPI closer to the 2% target level.
• Inflation should pick up gradually in 2015 and 2016.
• Growth momentum expected to weaken further in Q3.
• GDP forecasts reduced to 0.9% this year and to 1.6% the next.
• 2016 GDP forecast raised to 1.9%, from 1.8%.
• He suggests the new measures will help push CPI closer to the 2% target level.
• Inflation should pick up gradually in 2015 and 2016.
• Growth momentum expected to weaken further in Q3.
• GDP forecasts reduced to 0.9% this year and to 1.6% the next.
• 2016 GDP forecast raised to 1.9%, from 1.8%.