Global concerns weigh on eurozone recovery: ECB
World BusinessMar 24, 2016
Economic recovery in the eurozone is set to continue in the coming months, but not as fast as hoped owing to global uncertainties and slowing growth in emerging economies, the European Central Bank said Thursday. "The economic recovery in the euro area is continuing, albeit with lower than expected growth at the beginning of the year on the back of a weaker external environment," the ECB wrote in its latest economic bulletin. Recovery "continues to be dampened by subdued growth prospects in emer