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Thursday, December 4, 2014

Mario Draghi Press Conference

Mario Draghi Press Conference : ECB slashing growth forecasts + no sign of imminent QE = euro jump

#ECB slashes euro zone growth forecasts: 2015 down to 1% from 1.6% in Sept, 2016 down to 1.5% from 1.9%.

#ECB officials unanimous on more stimulus if needed. Recovery damped by unemployment, and unused capacity.

#Outlook for modest economic recovery still in place. Low energy prices to support disposable income.

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