FRANKFURT (Reuters) - The euro zone's economic outlook has deteriorated sharply in the past fortnight and the European Central Bank's projections from a week ago are already obsolete, Italian policymaker Ignazio Visco said on Thursday.
"The outlook I think has severely worsened since the (Feb 28) cut-off date used in those projections," Visco told a financial conference. "There are grounds to believe that these projections are already obsolete, outdated."
"I think households will be hard hit by energy and food price shock, particularly those in the low income brackets," he added.