Euro Zone Economy To Remain Weak In 2013 – ECB
The economy of the 17 nations that share the single euro currency is weak and the European Central Bank (ECB) expects growth to remain weak next year. The ECB, which earlier held its benchmark refinancing rate unchanged at 0.75 percent, said inflation is expected to remain above 2.0 percent for the rest of [...]
The economy of the 17 nations that share the single euro currency is weak and the European Central Bank (ECB) expects growth to remain weak next year.
The ECB, which earlier held its benchmark refinancing rate unchanged at 0.75 percent, said inflation is expected to remain above 2.0 percent for the rest of 2012, due to high energy prices and taxes, but then fall below that level next year and remain in line with the bank’s price stability target.
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