ECB's Issing downbeat on 'sluggish' euro growth

Speaking before the EU Parliament, the ECB 's chief economist, Otmar Issing, observed that economic growth in the eurozone is expected to be 2% for the year, thoough this will put downward pressure on inflation.

Source: Reuters

In a regular testimony before the European Union Parliament, Issing said: "We now expect only a very modest rate of economic growth this year," adding that some recovery can be expected in the second half of the year.

"The sluggish pace of economic activity should

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