EU raises eurozone growth outlook for 2015 to 1.3%
The European Union
Brussels - AFP
The European Union raised its growth forecast this year to 1.3 percent for the eurozone on Thursday but confirmed that deflation would take hold, caused by cheap oil prices and a weaker euro.
Consumer prices across the 19-nation eurozone would fall by 0.1 percent in 2015, the EU's winter forecast predicted, a situation that has already pushed the European Central Bank to take unprecedented action to drive up prices.
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