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The European Central Bank (ECB) released its monthly economic bulletin on Thursday. The central bank said that the Eurozone's economy continued to recover, but the growth was weaker than previously estimated. The ECB expects the economy to continue to recover moderately, supported the central bank's stimulus measures and a rise in employment. There are downside risks to the outlook from the slowdown in emerging countries, volatile financial markets, the balance sheet adjustments and the sluggish pace of implementation of structural reforms.
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