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Analysts doubt ECB's move to spur growth, cut capex estimate
They predict each Stoxx Europe 600 Index firm will spend 19m euros in 2016, the most bearish forecast in six years
Published Tue, Apr 12, 2016 · 09:50 PM
London
ANALYSTS are growing sceptical of European Central Bank (ECB) president Mario Draghi's efforts to prod companies to spend on growth.
They are cutting estimates for capital expenditures (capex) in Europe at the fastest rate since the financial crisis as chief executive officers shy away from reinvesting in thei…
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