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Tag Archives: ECB

Gloomy Outlook For The Eurozone Economy

05-Jun-09

The European Central Bank (ECB) has expressed a rather gloomy outlook for the eurozone economy for the year 2009. The Bank predicted that the countries’ economy will contract between 4.1% and 5.1% this year, worse than previously expected. In addition, the ECB announced that next month it would start to implement its “quantitative easing” policy [...]