Officials at the European Central Bank said the euro-zone economy may take longer than previously estimated to recover from second-quarter weakness. The central bank has lowered its growth projection slightly to 1.7% to 1.8%, said Klaus Liebscher of the ECB Governing Council. Last week, ECB President Jean-Claude Trichet reduced his growth assessment. "These comments continue to suggest that the next set of ECB-staff projections will feature further downward revisions," said Nick Matthews at Barclays Capital.
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