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Added on the 02/06/2016 15:56:21 - Copyright : Reuters EN
As the European Commission boosts its 2023 forecast for growth in the Eurozone by 0.2 points to 1.1 percent on Monday whilst revising its inflation forecast higher to 5.8 percent, the bloc's commissioner for the economy Paolo Gentiloni warns the factors behind the diverging forecasts are currently moving "in opposite directions." SOUNDBITE
European Central Bank president Christine Lagarde announces that ECB decided to raise its inflation forecasts, with consumer price growth now seen reaching 8.4 percent for 2022 before easing slightly to 6.3 percent next year. By 2024, inflation should average 3.4 percent before reaching 2.3 percent in 2025. SOUNDBITE
The European Central Bank President Christine Lagarde warns that growth in the eurozone risks slowing further, while inflation could continue to rise beyond recent record highs. SOUNDBITE
The European Central Bank has nudged up its expectations for growth and inflation in the euro area this year, but kept its main interest rate unchanged in negative territory. David Pollard reports.
The OECD raises its forecast for global growth in 2024, boosted by a dynamic recovery in the United States as the eurozone lags behind. The Paris-based organisation says it now sees this year's global growth at 3.1 percent, up from its February projection of 2.9 percent SOUNDBITE
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