File - A sculpture featuring the euro logo in front of the former headquarters of the ECB in Frankfurt, Germany.
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Eurozone growth will be subdued over the medium term and the European Central Bank may need to extend its money-printing program for longer than planned, the International Monetary Fund said Monday.In its annual report on the region, the IMF said the eurozone's recovery was strengthening due to lower oil prices, a weaker euro and central bank action, but medium-term prospects were for an average potential growth of just 1 percent.The IMF said that the eurozone needed to clean up balance sheets at its banks to encourage them to lend and firms to invest.
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