ECB lowers 2018, 2019 growth forecasts, cuts 2019 inflation outlook

Forecasts for GDP growth:

2018 1.9% vs. +2.0% prior

2019 1.7% vs. +1.8% prior

2020 1.7% vs. +1.7% prior

2021 1.5%

Inflation forecasts:

2018  1.8% vs. +1.7% prior

2019 1.6% vs. +1.7% prior

2020 1.7% vs. +1.7% prior

2021 1.8%