13 Jan 2022 , 04:18 PM
ECB noted that euro area economy continues to recover. Growth is moderating, but activity is expected to pick up again strongly in the course of this year. The continued economic recovery is foreseen to be driven by robust domestic demand. The labour market is improving, with more people having jobs and fewer in job retention schemes. Compared with the September staff projections, the outlook has been revised down for 2022 and up for 2023, noted the ECB January Economic Bulletin.
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