ECB quarterly forecasts are for growth barely above 1.0% – Reuters


The European Central Bank on Thursday will likely stress the need for aggressive stimulus by forecasting weaker growth a slower return to price stability, two sources faimilar with the matter told Reuters. 

Eurozone’s economic growth will barely hold above 1% over 2019 and 2020, the  quarterly projections scheduled are expected to show. 

Also, the central bank will likely forecast a slow and protracted rise in prices due to weaker growth. 

The ECB expected to cut rates by 10 basis points and announce a bond buying program. 

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