6/2/2016, 2:42 PM (Source: TeleTrader)
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Draghi: Economic recovery gradually proceeding

Mario Draghi, President of the European Central Bank (ECB), said that economic recovery is gradually proceeding at the press conference after the ECB’s decision to leave the key rates unchanged on Thursday.

Growth continues to be supported by domestic demand while being offset by weak imports, he added, but it will probably be at a lower rate in the second quarter than in the first quarter of this year.

GDP projection for this year is a growth of 1.6% while an increase of 1.7% is expected for the next two years. Economic recovery is predicted to have a slow but steady pace.

Image: EPA / Arne Dedert

Breaking the News / DN