Economists' outlook on euro area economic conditions broadly unchanged - ECB survey

Author: Justin Low | Category: Central Banks

ECB releases the results of its latest survey of professional forecasters

  • 2020 inflation seen at 1.2% (previously 1.2%)
  • 2021 inflation seen at 1.4% (previously 1.4%)
  • 2022 inflation seen at 1.5%
  • 2020 real GDP growth seen at 1.1% (previously 1.0%)
  • 2021 real GDP growth seen at 1.2% (previously 1.3%)
  • 2022 real GDP growth seen at 1.4%
The prior forecast survey can be found here. This pretty much reaffirms the lack of significant economic developments in the region over the last few months as we see some stability after the more pessimistic outlook throughout last year.

That said, the long-term core inflation projection has been cut once again to 1.6% - marking the weakest forecast reading on record in the survey's history.

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