Draghi predicted a “gradual recovery” for the 17 European Union countries that use the euro in the second half — but added that his outlook was “subject to downside risk.”

The ECB projects the 17-country eurozone will shrink 0.5 percent this year. Weak economic indicators have suggested that its economy shrank in the first quarter of the year for the sixth straight quarter in a row. via Draghi: Eurozone recovery faces ‘downside risks’ – Yahoo! Finance.