File - President of European Central Bank Mario Draghi, laughs during a news conference in Frankfurt, Germany, Thursday, Nov. 6, 2014, following a meeting of the ECB governing council. (AP Photo/Michael Probst)
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After European Central Bank chief Mario Draghi got his colleagues to sign up to a target for pumping money into the ailing eurozone economy, a raft of GDP reports are likely to show just why more help may be needed.The ECB did not add to its arsenal of measures last week and is expected to wait and see the take-up of a second round of cheap loans being offered to banks in December before considering anything further.The currency bloc as a whole grew just 0.1 percent in the second quarter of the year and Germany contracted by 0.2 percent.Hopes of a rebound have fizzled out with Europe's largest economy struggling to eke out any growth to the point that it could be in recession, on the technical measure of two successive quarters of decline, come Friday.The Bank of England will produce its quarterly inflation report Wednesday.
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