ECB STAFF PROJECTIONS
Growth
- Cuts 2014 GDP outlook from +0.9% to +0.8%
- Cuts 2015 GDP outlook from +1.6% to +1.0%
- Cuts 2016 GDP from +1.9% to 1.5%
Inflation:
- Raises 2014 inflation forecast from 0.6% to 0.8%
- Cuts 2015 inflation from 1.1% to 1.0%
- Raises 2016 inflation from 1.4% to 1.5%