WASHINGTON Jan 21 There is as high as a
one-in-five chance that prices could start to fall in the euro
zone, the International Monetary Fund's chief economist said on
"Our model gives a 10 to 20 percent probability to inflation
turning negative (in the euro zone)," Olivier Blanchard told
reporters on a conference call, adding that the IMF still sees
positive price growth in its baseline forecasts.
He called on the European Central Bank to do all it can to
anchor price expectations and boost demand in the euro currency
bloc, where southern countries like Portugal and Greece continue
to face weak demand.