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- ECB Draghi: Recent indicators confirm econ stabilization;low levels
ECB Draghi: Recent indicators confirm econ stabilization;low levels
Data are mixed, highlight prevailing uncertainty
- Growth to be supported by foreign demand, low rates
- Downside growth risks related to sov. debt crisis
- Infl. likely to stay above 2% this year due to oil
- Gov. council expects infl. to fall below 2% in 2013
- Underlying price pressures should remain modest
- Risks to price stability broadly balanced
- Upside risks to infl. from energy, indirect taxes
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