Arab Today, arab today eu raises eurozone growth outlook for 2015 to 13
Last Updated : GMT 23:12:04
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Arab Today, arab today

EU raises eurozone growth outlook for 2015 to 1.3%

Arab Today, arab today

Arab Today, arab today EU raises eurozone growth outlook for 2015 to 1.3%

The European Union
Brussels - AFP

The European Union raised its growth forecast this year to 1.3 percent for the eurozone on Thursday but confirmed that deflation would take hold, caused by cheap oil prices and a weaker euro.
Consumer prices across the 19-nation eurozone would fall by 0.1 percent in 2015, the EU's winter forecast predicted, a situation that has already pushed the European Central Bank to take unprecedented action to drive up prices.

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