ECB expects gradual recovery in euro zone

The European Central Bank expects a "very gradual recovery" in the debt-hit euro zone to start later this year, the bank's chief said yesterday.

"The economic situation in the euro area remains challenging but there are a few signs of a possible stabilisation," ECB president Mario Draghi told a monetary conference. "Our baseline scenario continues to be one of a very gradual recovery starting in the latter part of this year."

via Business feed http://www.scmp.com/business/economy/article/1252876/ecb-expects-gradual-recovery-euro-zone