-
ECB to Lower Euro-Area Growth Outlook on Global Demand
The European Central Bank is set to tweak its forecasts lower for euro-area economic growth as global trade tensions damp external demand, according to officials familiar with the latest projections. The predictions for output have been cut slightly starting this year, the people said, asking not to be named because the assessment is still confidential. The U.K. and Turkey are among nations dragging on demand, though the U.S. outlook is still positive, the officials said. The darker outlook comes at an awkward time for the Governing Council as it prepares to wind back stimulus, though the adjustments probably ... (full story)