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Draghi Challenge Highlighted as Inflation Rate Back Below Zero

From bloomberg.com

Mario Draghi’s policy challenge was highlighted once again on Friday, with the fastest economic growth in a year overshadowed by a renewed drop in consumer prices. The euro-area inflation rate fell to minus 0.2 percent in April, a worse out-turn than the 0.1 percent decline forecast by economists in a Bloomberg survey. It wasn’t all bad news for the European Central Bank president however, with the economy expanding 0.6 percent in the first quarter and unemployment declining in March to the lowest since 2011. Draghi has said the situation in the 19-nation region is slowly improving, but that hasn’t assuaged his ... (full story)

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