Euro zone businesses logged their busiest quarter in three years at the start of 2014 but did so by slashing prices, surveys showed on Thursday, underscoring fears that deflation may soon afflict the region. The European Central Bank is not expected to ease policy any further when it meets later on Thursday. It is instead seen relying on verbal support to allay fears that falling prices in several euro zone countries could spread to the whole bloc. Survey compiler Markit said the Composite Purchasing Managers' Index pointed to first-quarter growth of 0.5 percent.
via Business News - Yahoo Finance http://ift.tt/1otoqk8
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