Draghi: Inflation Projected to Pick Up at End of 2016

The video discusses the economic outlook for the euro area, highlighting moderate growth supported by domestic demand and effective monetary policy. Consumers benefit from low oil prices and better employment prospects, while investments rise due to higher corporate profits. GDP is projected to grow by 1.6% in 2016 and 1.7% in the following two years. Inflation remains low, influenced by oil prices and economic slack, but is expected to rise by 2018 as the economy recovers.

What is mentioned as a drag on the annual headline inflation?

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What is the expected inflation rate for 2017 according to the projections?

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