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Draghi Seen Fighting Enthusiasm as Market Rates Increase

Mario Draghi is trying to prevent investors from overestimating the economy’s resilience.

Having predicted a recovery at every European Central Bank policy meeting since December 2011, the month after he took office, the ECB president has finally seen the 17-nation euro area exit recession. The central bank will today present new growth and inflation forecasts for the currency bloc, reflecting an expansion in the three months through June that beat forecasts and snapped six quarters of contraction.