The European Central Bank says economic growth in the euro zone will remain 'relatively subdued' in the second quarter of the year, but will pick up later.
In its June monthly bulletin, the ECB cited the latest indications from survey data for its forecast.
It said recent euro zone data remained 'on the downside' and persistently high oil prices and global imbalances could pose risks to the growth outlook.
Underlying inflation pressures were expected to remain contained in the medium term, and headline inflation was likely to remain around its current rate of around 2% in the coming months, the ECB predicted.
