Speakers at Bank of Latvia conference project mild recession for eurozone

RIGA, Nov. 3 (Xinhua) -- Leading economists who spoke at a conference in Riga on Thursday foresaw a mild recession in the eurozone but warned that it will not suffice to curb inflation.

European Central Bank (ECB) President Christine Lagarde told the conference hosted by the Latvian central bank that the ECB needs to find an interest rate that will help keep euro-area inflation at 2 percent. Achieving this targe