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The risks surrounding the euro area growth outlook have become less pronounced, but remain tilted to the downside and relate predominantly to global factors.According to Eurostat’s flash estimate, euro area annual HICP inflation increased further to 2.0% in February, up from 1.8% in January 2017 and 1.1% in December 2016.

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Let me now explain our assessment in greater detail, starting with the economic analysis.

Euro area real GDP increased by 0.4%, quarter on quarter, in the fourth quarter of 2016, following a similar pace of growth in the third quarter.

Incoming data, notably survey results, increase our confidence that the ongoing economic expansion will continue to firm and broaden.

The pass-through of our monetary policy measures is supporting domestic demand and facilitates the ongoing deleveraging process.

" Starr Marshall Cash, Esquire Senior Counsel Philadelphia Housing Authority "After hearing horror stories from other landlords, we did a lot of research on management options and had many questions.

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