FRANK­FURT

The Peak (Malaysia) - - World Watch -

The Euro­pean Cen­tral Bank has in­creased its fore­casts for eco­nomic growth in the Eu­ro­zone to 1.9 per cent as com­pared to its fore­cast in March of 1.8 per cent. The ECB also in­creased its growth pro­jec­tion for 2018 from 1.7 per cent to 1.8 per cent, and from 1.6 per cent to 1.7 per cent for 2019. Ac­cord­ing to ECB pres­i­dent, Mario Draghi, it is “now con­fi­dent that in­fla­tion will con­verge with our ob­jec­tives” and that the “risks sur­round­ing the euro area growth out­look are con­sid­ered to be broadly bal­anced.”

07

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.