Eurozone to shrink 0.6% in 2013, grow 1.1% in 2014: ECB

FRANKFURT, GERMANY: European Central Bank President Mario Draghi has announced a cut in the bank's growth outlook for the 17 countries that use the euro currency.

Rare good news for eurozone economy

LONDON (AP) — Mention it quietly, but there were rare hopeful signs for Europe's struggling economy on Friday.