A shocking report predicts "a difficult year to come"[/size] Twilight News
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The European Central Bank (ECB) predicted on Thursday that global economic growth will slow in 2019 and stabilize thereafter, with signs of rising prices.
Investors are preparing for a slowdown in global economic growth due to increased borrowing costs in dollars and trade tensions between the United States and China.
The European Central Bank in its periodic economic publication, to predict the "inflationary pressures" in the world and in the euro area, according to Reuters.
"Global inflationary pressures are expected to increase slowly as the excess capacity shrinks," the report said.
The bulletin highlighted the European Central Bank's decision in December to end its 2.6 trillion euro ($ 2.96 trillion) asset purchase program, but would continue to re-invest the long-term bond yield after the first interest rate hike.
Some criticized the decision as inappropriate because of the weakness of the economy, but the ECB, its sole target of inflation targeting, reiterated its confidence that core prices will continue to rise in the euro area.
The ECB expected "core inflation to gradually increase in the medium term supported by the ECB's monetary policy measures, continued economic expansion and increased wage growth."Keywords: http://www.shafaaq.com/ar/Ar_NewsReader/7a592c6e-db81-46df-a66a-d6240f24b6be