Forecasts euro area gdp growth of 2.1% in 2017 and 1.9% in 2018 after 1.7% in 2016

Expects U.S. growth of 2.2% in 2017 and 2.3% in 2018, down from 2.4% and 2.5%, respectively

Expects euro area monetary policy to become less supportive in 2018, provided that the current growth momentum remains intact

Revised up its real gdp growth forecast for Italy to 1.3% in 2017 and 2018 from 0.8% and 1% respectively

Revised up Germany's gdp growth forecasts to 2.2% and 2.0% for 2017 and 2018 respectively