ECB Economics Bulletin

*ECB Economics Bulletin*

- Incoming information about Eurozone activity has surprised to the downside

- Headline inflation is likely to decline further over the coming months on lower oil prices

- Downside risks have been increasing $EUR

*ECB Economic Forecasts*

- Euro-Area Growth 1.3% from 1.9%
- Italian Growth 0.2% from 1.2%
- German growth 1.1% from 1.8%
- Eurozone inflation 1.4% from 1.7% $EUR

Impact : Medium
Sentiment : Bad for Euro