Brussels, 28/10/2014 (Agence Europe) - The Chief Economists' Group of the European Banking Federation (EBF) has lowered the growth forecasts for the eurozone for 2014 and 2015, from 1.1% of GDP to 0.8% and from 1.5% to 1.2% respectively.
According to the banking industry, inflation will remain “low” this year, at 0.6%.
The banks are standing ready to play their part as “providers of credit”, said the Chief Executive of the EBF, Wim Mijs, who went on to say that the results of the...