HONG KONG- 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.
(Content and photos syndicated via Reuters)