ECB's Peter Praet comments on the ECB forecasts

  • Slowing growth due to waning FX rate and oil impact
  • Reforms can still improve short term outlook

The comments come alongside an MNI story that says they've seen the quarterly ECB numbers that shows GDP at 0.5% q/q from Q1 2016 through to Q1 2017, then dropping to 0.4% for the rest of 2017