for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Financials

Euro zone growth seen at 1.1% in 2020- Bundesbank official

HONG KONG, Jan 13 (Reuters) - The Euro zone’s economic growth is expected to reach 1.1% this year, supported by fiscal easing, Burkhard Balz, a member of the executive board of the German central bank, told a financial forum in Hong Kong on Monday.

Balz said inflation was expected to decline marginally to 1.1% in 2020 from 1.2% last year, mainly due to lower energy prices, but it is seen increasing to 1.6% in 2022 as economic activity picks up. (Reporting by Noah Sin; Writing by Marius Zaharia; Editing by Christian Schmollinger)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up