ECB Bulletin Nov. 2011

10/11/2011 00:00:00

In its monthly bulletin the European Central Bank has revised the forecasts for the euro zone GDP. Unemployment is rising, while inflation will decline during 2012. The euro zone countries, whose growth estimates stopped at 0.8% while it was 1.6% three months ago, also need to accelerate structural reforms. The estimates of the unemployment rate reach 10% both for this year and for 2012.

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