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Economists fearing shallow recovery see Draghi enlarging QE

Survey respondents who fret that the upturn won't last long say that he will do so within nine months

Published Mon, Sep 14, 2015 · 09:50 PM

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    Frankfurt

    MARIO Draghi's promise that the European Central Bank is willing to step up stimulus if needed is resonating with economists, who see the euro-area recovery as too shallow to be sustained.

    More than two-thirds of respondents in a Bloomberg survey predict the ECB's president will expand or extend the 1.14 trillion-euro (S$1.82 trillion) quantitative-easing programme, and almost all of those say he'll do so within nine months.

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