Eurozone growth, inflation outlook brighter: ECB survey

Frankfurt

THE economic skies above Europe are brightening, with both growth and inflation seen moving higher, not least as a result of the European Central Bank's (ECB) policy measures, an ECB survey showed on Thursday.

Nevertheless, inflation, already chronically low, will be dragged down even further this year by falling oil prices, but should rebound next year, according to the ECB's regular quarterly survey of professional forecasters.