European Central Bank In Panic Mode as Economy Stalls

European Central Bank In Panic Mode as Economy Stalls By Andrew Moran The eurozone could not borrow from the momentum of the U.S. economy in the third quarter as economic growth slumped to a tepid 0.2% , the slowest rate in more than four years. With the 19-nation currency bloc beginning to stagnate, and the heavyweights failing to post significant gains, Brussels is in panic mode, likely leaning on the European Central Bank (ECB) for further stimulus. Economists originally anticipated growth of 0.4%. But global trade woes, tumbling business confidence,…

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