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Euro zone growth seen bottoming out in second quarter: ECB's Praet

Kitco News

WASHINGTON (Reuters) - The euro zone economy appears to be stabilizing in the second quarter so the European Central Bank's projection for a rebound in the second half of the year remains on track, ECB Chief Economist Peter Praet said on Friday.

"There are good reasons to say that the economy is going to stabilize, it's probably stabilizing somewhere in the second quarter ... That's our scenario and I still believe in that scenario," Praet, who leaves office next month, told a financial conference.

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