ECB revises 2016 growth up but trims forecast for 2017, 2018

The European Central Bank on Thursday raised its 2016 growth forecast slightly but lowered its projections for 2017 and 2018, with bank chief Mario Draghi saying "uncertainties" caused by the Brexit vote would weigh on trade. "The economic recovery in the euro area is expected to be dampened by still subdued foreign demand, partly related to the uncertainties following the UK referendum outcome... and a sluggish pace of implementation of structural reforms," Draghi said at a press conference in