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European economic growth remains slow, to which heightened concerns about the situation in Ukraine are currently adding. This is confirmed by The Conference Board Leading Economic Index® (LEI) for the Euro Area, which points toward a continuation of slow growth for the months ahead. Low inflation remains a concern, and the possibility of further intervention by the European Central Bank is becoming more likely. Debt-to-GDP ratios in Europe are high and still increasing in some areas, and reductions are more difficult in an environment of slow growth and disinflation.