9/12, 2:53 PM (Source: TeleTrader)
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ECB revises down growth, inflation outlook

The European Central bank lowered its projection of euro area GDP growth in 2019 and 2020 from June's 1.2% and 1.4%, respectively, to 1.1% and 1.2%.

The inflation outlook was also revised down from the projections in June. In 2021, inflation is seen at 1.5%, down from 1.6% seen in June, while in 2020 the projection was significantly cut from 1.4% to 1.%. This year, inflation will be 1.2%, down from 1.3% seen in June, the central bank stated.

Breaking the News / NI