Just out from the ECB here's a quick look at the latest forecasts from their body of professional forecasters

( I wonder if they managed to get hold of Ryan on holiday?)

Q2 forecasts for GDP & inflation

  • 2015 GDP +1.4% vs +1.1% prev
  • 2016 +1.7% vs +1.5%
  • 2017 +1.8% vs +1.7%
  • 2015 inflation +0.1% vs +0.3%
  • 2016 +1.2% vs +1.1%
  • 2017 +1.6% vs +1.5%

Respondents see monetary policy measures and exchange rate developments as the main supporting factors for the strong pick up in 2016/2017

Table courtesy of Bloomberg