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Euro zone recovery to continue but risks are on the downside - ECB

Reuters
The headquarters of the European Central Bank (ECB) is illuminated with a giant euro sign at the start of the "Luminale, light and building" event in Frankfurt, Germany, in this March 12, 2016 file photo. REUTERS/Kai Pfaffenbach/Files

FRANKFURT (Reuters) - The economic recovery in the euro area is expected to continue, supported by household consumption and rebounding investments, but risks remain on the downside, the European Central Bank said on Thursday in a regular economic bulletin.

"Domestic demand, in particular, continues to be supported by the ECB's monetary policy measures," the ECB said in a bulletin that is largely consistent with its outlook presented at its April 21 interest rate meeting. "Their favourable impact on financing conditions, together with improvements in corporate profitability, is benefiting investment.

"The risks to the euro area growth outlook still remain tilted to the downside," the ECB added

For more on the ECB's bulletin, click on: https://www.ecb.europa.eu/pub/economic-bulletin/html/index.en.html

(Reporting by Balazs Koranyi; Editing by Alison Williams)