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- The ECB lowered its 2018 forecast for gross domestic product growth in the eurozone by 0.1 percentage point to 1.9% and shaved its 2020 forecast by a similar amount to 1.7%
The ECB lowered its 2018 forecast for gross domestic product growth in the eurozone by 0.1 percentage point to 1.9% and shaved its 2020 forecast by a similar amount to 1.7%
"The decision to end QE now is more about politics than economics," because it will please ECB officials who have been critical of the bank's bond purchases, particularly its German contingent, said Paul Diggle, an economist with Aberdeen Standard Investments. "If you squint hard enough, the economic data can just about justify the decision."
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