January 13, 2020 / 3:48 AM / 9 days ago

Euro zone growth seen at 1.1% in 2020 - Bundesbank official

HONG KONG (Reuters) - The Euro zone’s economic growth is expected to reach 1.1% this year, supported by fiscal easing, Burkhard Balz, a member of the executive board of the German central bank, told a financial forum in Hong Kong on Monday.

Balz said inflation was expected to decline marginally to 1.1% in 2020 from 1.2% last year, mainly due to lower energy prices, but it is seen increasing to 1.6% in 2022 as economic activity picks up.

Reporting by Noah Sin; Writing by Marius Zaharia; Editing by Christian Schmollinger

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