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

FRANKFURT (AFP) - The euro zone economy is projected to shrink by 0.6 per cent this year and then grow by 1.1 per cent next year, the European Central Bank (ECB) said on Thursday.

Revealing the ECB's regular staff economic projections at a regular news conference here, central bank chief Mario Draghi said the 2013 forecast represented a slight downward revision, and the 2014 represented a slight upward revision from earlier forecasts released in March.