ECB's Draghi: Euro-Area Growth Tilted to Downside

The video discusses the risks to the euro area's growth outlook, which remain tilted to the downside, but notes an improved balance of risk due to monetary policy measures and upcoming stimulus. It highlights downside risks related to global economic developments, the British referendum, and geopolitical issues. Eurostat's flash estimate shows a slight increase in euro area annual HICP inflation in May 2016, mainly due to higher energy and services prices. Looking ahead, inflation rates are expected to remain low or negative in the short term but should pick up in the latter half of 2016, driven by base effects in energy prices. Supported by monetary policy measures and economic recovery, inflation rates are projected to recover further in 2017 and 2018.

What are the main factors contributing to the downside risks for the euro area growth outlook?

How did the annual HICP inflation in the euro area change from April to May 2016?

What is expected to happen to inflation rates in the second half of 2016 according to the text?

What role do monetary policy measures play in the expected recovery of inflation rates?

What are the anticipated inflation trends for the years 2017 and 2018?