Mario Draghi’s deflation challenge looms large

As Mario Draghi prepares to ramp up debt purchases starting Friday in his biggest assault against eurozone deflation risks, he’s about to get another sense of the magnitude of the challenge.

Consumer prices in the currency zone probably fell for a second month in March and the unemployment rate remained in double digits in February, economists have forecast.

Another report is expected to say economic confidence was unchanged in the 19-nation region in March.