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General ECB quarterly forecasts are for growth barely above 1.0% - Reuters

sdoha

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The European Central Bank (ECB) on Thursday will likely stress the need for aggressive stimulus by forecasting weaker growth and a slower return to price stability, two sources familiar with the matter told Reuters.

Eurozone's economic growth will barely hold above 1% over 2019 and 2020, the quarterly projections are expected to show.

Also, the central bank will likely forecast a slow and protracted rise in prices due to weaker growth.

The ECB expected to cut rates by 10 basis points and announce a bond-buying program.
 

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