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The European Central Bank (ECB) released its Survey of Professional Forecasters for Q4 2015 on Friday. Forecasters cut their inflation forecasts. Eurozone's inflation is expected to be 0.1% in 2015, down from July estimate of 0.2%, 1.0% in 2016, down from July estimate of 1.3%, and 1.5% in 2016, down from July estimate of 1.6%.
Long-term inflation forecasts (for 2020) remained unchanged at 1.9%.
The economic growth in the Eurozone is expected to expand 1.5% this year, up from July estimate of 1.4%, 1.7% next year, down from July estimate of 1.8%, and 1.8% in 2017, unchanged from July estimate.
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