Economics
ECB Policy Makers Try to Keep a Brave Face on Shaky Economy
- Risks acknowledged, but officials point to domestic strength
- Euro-zone economic growth slowed sharply in third quarter
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The euro-zone economy is testing the mettle of European Central Bank policy makers, who need to judge whether a multitude of uncertainties are crystallizing into serious risks to growth.
Officials are putting faith in domestic resilience and say temporary factors that dragged on the third quarter should fade. The broad message: after a period of youthful exuberance, it’s more a case of the expansion hitting middle age than moving into terminal decline.