Economics
ECB to Lower Euro-Area Growth Outlook on Global Demand
- Economic forecasts starting 2018 to be revised down slightly
- Projections will be unveiled by President Draghi on Thursday
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The European Central Bank is set to tweak its forecasts lower for euro-area economic growth as global trade tensions damp external demand, according to officials familiar with the latest projections.
The predictions for output have been cut slightly starting this year, the people said, asking not to be named because the assessment is still confidential. The U.K. and Turkey are among nations dragging on demand, though the U.S. outlook is still positive, the officials said.