Economic growth in the Eurozone has embarked on a clear upward trend. At the same time, the fear of falling wages and prices has disappeared for now. The worries over a possible break-up of the European Union have also eased. Against this backdrop, the ECB President Draghi issued a slightly more optimistic growth forecast yet again on 27 April at the press conference of the European Central Bank. This is another tiny step indicating a possible reduction of the monetary support in the medium term.
![ECB takes another tiny step ECB takes another tiny step](https://blog.en.erste-am.com/wp-content/uploads/2017/05/2017_05_02_iStock_EZB_Bank_000035028616_XXXLarge-370x210.jpg)