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Economic Growth

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EURO AREA

The growth forecasts for the euro area have fallen slightly to 0.9% (±0.9) for this year and 1.2% (±1.2) for the next, in line with the second quarter’s GDP.

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The Bulletin has enlarged its forecasting horizon, so we can present forecasts up to 2016, when expected euro area growth is 1.5%.

The downwards innovations are centred in construction.

The effect of the ECB’s expansionary policy should be seen towards the end of 2014.

 

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