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The ECB will also be publishing its latest projections about economic growth and inflation. Separate figures from Eurostat confirmed that that the eurozone economy grew by 0.3 percent in the fourth quarter of 2011, held back somewhat by the adverse weather in December. Nevertheless, solid improvements were posted for both exports and household consumption. Analysts remain wary of expecting too much from the eurozone this year, especially as a number of countries are enacting tough austerity measures in an attempt to get their public finances into shape. "With the fiscal squeeze set to widen and intensify this year, the euro strong and the ECB threatening to hike rates, there are still good reasons to be cautious over the outlook for the region," said Ben May, European economist at Capital Economics.
[Associated
Press;
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