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The European Central Bank (ECB) upgraded its economic growth forecasts, but lowered its inflation forecasts. Eurozone's economy is expected to expand 1.5% in 2015, up from the previous estimate of a 1.4% gain, 1.7% in 2016, in line with the previous estimate, and 1.9% in 2017, up from the previous estimate of a 1.8% increase.
Eurozone's inflation is expected to rise 0.1% in 2015, in line with the previous estimate, 1.0% in 2016, down from the previous estimate of a 1.1% rise, and 1.6% in 2017, down from the previous estimate of a 1.7% increase.
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