New forecasts from Draghi

Forecasts for GDP growth:

  • 2018 2.0% vs +2.1% prior
  • 2019 1.8% vs +1.9% prior
  • 2020 1.7% vs +1.7% prior

Inflation forecasts unchanged:

  • 2018 1.7% vs +1.7% prior
  • 2019 1.7% vs +1.7% prior
  • 2020 1.7% vs +1.7% prior

However Draghi said confidence about the path of underlying inflation has diminished.