Draghi says growth gaining, inflation muted - update

ECB president says weak euro, cheap energy contribute

(ANSA) - Brussels, March 23 - European Central Bank President Mario Draghi said Monday growth in the eurozone "is gaining momentum" thanks in part to a weaker euro, lower energy prices and stronger demand. Inflation will remain low until the end of 2015 and could dip into negative figures in the coming months. "The basis for economic recovery in the euro zone has clearly strengthened," Draghi told the EU Parliament. "Inflation will remain very low or negative in the coming months...but the rate will begin again to gradually increase at year end".


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