The European Central Bank (ECB) has improved its outlook for the eurozone economy this year.
It now expects the single-currency area to shrink 0.4% compared to its previous forecast in June of a 0.6% contraction.
The ECB on Thursday held interest rates at 0.5% despite tentative signs that the eurozone is recovering.
The 18-nation bloc emerged from recession in the second quarter of this year, with growth of 0.3% recorded between April and June.
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