The European Central Bank may have to cut interest rates further and launch a fresh round of monetary easing to help boost the eurozone economy, the International Monetary Fund said today. It warned the recession in the eurozone was likely to last two years in total before returning to growth sometime in 2014 as European governments continue to following the policy of austerity. The Washington based organisation said the eurozone would contract a further 0.6 per cent before a return to 0.9 per cent growth in 2014. The economic forecast is in stark contrast with the IMF’s recent revised forecast of economic growth in ... (full story)