ECB's Issing on eurozone growth

In testimony to the European Parliament Otmar Issing of the ECB said euro-zone economic growth is expected to be only moderate this year, and inflation is forecast to fall below 2%, although developments continue to be overshadowed by the war in Iraq. He said "We now expect only a very modest rate of economic growth this year," adding that some recovery can be expected in the second half of the year.

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Testimony

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