Draghi Says Accommodation Still Needed to Build Inflation

The video discusses the current state of inflation, highlighting the rise in headline inflation due to energy and food prices, while underlying inflation remains subdued. The Governing Council is prepared to adjust monetary policy if necessary. The Euro area's GDP growth is steady, supported by favorable financing conditions and rising employment. However, growth is hindered by slow structural reforms and balance sheet adjustments. The ECB's projections show a slight upward revision in GDP growth for 2017 and 2018, with global factors posing potential risks.

How is the ongoing economic expansion expected to impact domestic demand?

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What are the main challenges facing economic growth in the euro area?

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