Kamis, 05 Desember 2013

European Central Bank cuts inflation forecast

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A man looks at a display in a shoe store in Madrid, Spain, Wednesday, Dec. 4, 2013. Further signs emerged Wednesday to show that the paltry economic recovery in the 17-country eurozone is losing steam. Figures from Eurostat, the EU's statistics office, showed retail sales across the region fell a monthly 0.2 percent in October. That followed a 0.6 percent decline in September and confounded expectations in the markets for a modest increase. Luckily for the eurozone as a whole, its powerhouse economy, Germany, is growing strongly. Tts PMI reading of 55.4 was a 29-month high. Spain was the other bright spot as the eurozone's fourth-largest economy continues to exhibit signs of life in the face of its debt problems and a sky-high unemployment rate of around 26 percent.(AP Photo/Paul White) FRANKFURT, Germany (AP) — The European Central Bank has cut its inflation forecast for next year, another sign of how weak the economic recovery is in the 17 countries that use the euro.



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