The staff projections are coming out and don;t make good reading;
Investment
- 0.7% vs 1.1% prior 2014
- 1.4% vs 3.1% prior 2015
- 3.2% vs 3.98% prior 2016
Unemployment
- 11.6% unch 2014
- 11.2% unch 2015
- 10.9% vs 10.8% prior 2016
Exports
- 3.2% vs 3.1% prior 2014
- 3.2% vs 4.5% prior 2015
- 4.8% vs 5.3% prior 2016
Imports
- 3.3% vs 3.5% prior 2014
- 3.7% vs 4.5% prior 2015
- 4.9% vs 5.3% prior 2016
Implied forecast EUR/USD
- 1.33 vs 1.36 prior 2014
- 1.25 vs 1.34 prior 2015
- 1.25 vs 1.34 prior 2016
As we suspected prior to the meeting, not much green to be found in the new projections