After the strongest quarter in a year, economic growth in the euro area is set to slow in the current three-month period. Data this week and new European Central Bank staff projections on June 2 will provide an updated outlook. For ECB President Mario Draghi, who cut interest rates to new lows this year and is pumping yet more money into the economy, the key is whether the first-quarter performance is the beginning of a new phase that’ll return inflation to the ECB’s goal or a one off, suggesting more stimulus may be needed.
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