For 2012, ECB expects an economic downfall of 0.6 - 0.4 percent for Euro zone, while for the next year, the bank anticipates the overall GDP in Euro zone will vary between a negative 0.9 percent and a growth of 0.3 percent. For 2014, the bank expects a growth between 0.2- 2.2 percent for Euro zone economies, an analysis of MarketWatch reads.
In September this year, ECB estimated the GDP in Euro zone to position between a shrinkage of 0.4 percent and a positive 1.4 percent.
ECB president said that the economy in Euro zone will persist as fragile also in 2013 but a gradual recovery is expected to be seen in the second half of the next year, due to the improvement of global economies and a more unbent monetary policy run by the bank.
