Tag Archives: Forecasting

ECB survey: Eurozone Recession Twice as Bad as Thought

According to the survey of forecasting experts published by the European Central Bank, the eurozone economy will contract twice as much as previously expected this year. The projections showed that output is likely to shrink by 3.4 percent in 2009, compared to the 1.7 percent forecast in February. The ECB surveyed 52 forecasting experts from …
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