Date of prediction: 2009-06-04

The European Central Bank expects the economy to start growing again within a year:

»Recent survey information indicates that, following two quarters of very negative growth, economic activity over the remainder of this year is expected to decline at much less negative rates. After a stabilisation phase, positive quarterly growth rates are expected by mid-2010.«

(ECB press release: Introductory statement with Q&A)

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