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The European Central Bank (ECB) lowered its inflation and growth forecasts. Inflation in the Eurozone is expected to be 0.1% in 2016, down from its December estimate of 1.0%, 1.3% in 2017, down from its December estimate of 1.6%, and 1.6% in 2018.
The central bank expects the economy in the Eurozone to expand 1.4% in 2016, down from its December estimate of 1.7%, 1.7% in 2017, down from its December forecast of 1.9%, and 1.8% in 2018.
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