Eurozone economic growth is expected to be 0.8%

The European Central Bank predicts that the economy of the 18 eurozone countries will advance slightly in the next two years.
Bank predicted that the eurozone economy, which together constitute the world’s largest economy, will advance 0.8 percent this year, 1 percent next year and 1.5 percent in 2016, all below the previous forecasts.

In addition the bank expects that the cost of living in the eurozone will grow slightly until 2016, and will stay below the 2 percent target for inflation that financial policymakers in Europe and the United States consider ideal.
Central Bank President Mario Draghi said that “the risks surrounding the economic forecast for the eurozone are negative”.
He said the bank has increased the preparations for the possible launch of new measures early next year to boost the eurozone economy.
European Central Bank can make massive purchases of government bonds to stimulate economic growth and inflation, as have acted banks in the US, England and Japan, which bought large quantities bill in an effort to promote the growth of their economies.
Direct support of the government has pushed the US economy, the largest in the world, towards a sustainable growth, but Japan has fallen into recession and Britain’s progress has been below 1 percent.