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'Seeping pessimism' hindering eurozone recovery: ECB official

Mr Praet says private consumption should remain the key driver of the euro-area economic recovery


DOWNBEAT expectations about long-term growth prospects are weighing on the euro-area recovery, European Central Bank (ECB) Executive Board member Peter Praet said.

"The economic environment is characterised by seeping pessimism about long-term growth," he said on Thursday in