Economics
Euro-Area Economy Slows as ECB Prepares to Drive Growth
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Euro-area economic growth slowed to start the year, keeping pressure on the European Central Bank to act as soon as tomorrow to spur the fragile recovery and spark prices.
Gross domestic product in the 18-nation currency bloc increased 0.2 percent in the first quarter, down from a revised 0.3 percent gain in the previous three months, the European Union’s statistics office in Luxembourg said today. The first-quarter reading confirmed Eurostat’s initial estimate.