Eurozone raises growth outlook for 2015 to 1.5%
European Central Bank
Brussels - Arab Today
The EU raised its growth outlook for the eurozone in 2015 to 1.5 percent on Tuesday, as Europe took advantage of cheap oil and a weak euro to boost hopes of a much-needed recovery.
Consumer prices across the 19-nation eurozone would rise by 0.1 percent in 2015, the EU's spring forecast predicted, avoiding deflation and confirming that unprecedented stimulus by the European Central Bank was having an effect.
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