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Europe is officially heading into a year of deflation

Feb 5, 2015, 15:38 IST

Europe is facing deflation for all of 2015, according to forecasts just released by the European Commission.

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The institution expects growth of 1.3% across the euro area this year, somewhat stronger than 2014's 0.8%. However, it also expects that prices will drop 0.1% over the whole of 2015.

Here's how that looks:

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