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The eurozone’s disquieting slowdown

Will the European Central Bank change its tune?

By Paul Wallace  

ECB President Mario Draghi. Photo: Lu Yang/Xinhua News Agency/PA Images

In 2017 the euro area turned the tables on its critics, growing at 2.4 per cent, its fastest for a decade. But as 2018 draws to a close there is less to celebrate. First the pace of growth slackened and now it has become a crawl. As the outlook darkens, will the European Central Bank offer fresh succour when its governing council meets on 13th December?

In the first half of 2018 the slowdown in Europe’s 19-strong monetary union appeared…

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