ECB releases the results of its survey of professional forecasters
- 2019 inflation seen at 1.4% (previously 1.5%)
- 2020 inflation seen at 1.5% (previously 1.6%)
- 2021 inflation seen at 1.6% (previously 1.7%)
- 2019 real GDP growth seen at 1.2% (previously 1.5%)
- 2020 real GDP growth seen at 1.4% (previously 1.5%)
- 2021 real GDP growth seen at 1.4% (unchanged)
This is a reflection of current sentiment towards the Eurozone economy. Confidence is basically lacking as economic data continues to stay soft to start the year - particularly in Germany. Meanwhile, inflationary pressures have been dwindling with Draghi even stating yesterday that he expects inflation to bottom around September from current levels, which are already softening to begin with.
