empty
 
 

2018.04.2805:01:00UTC+00Forecasters Slash Eurozone Inflation Projections For 2019, 2020: ECB Survey

Eurozone inflation is expected to rise slower than previously projected in the next two years, while growth is seen stronger, according to the Survey of Professional Forecasters published by the European Central Bank on Friday.

Forecasters maintained their inflation expectations for 2018 at 1.5 percent. For 2019 and 2020, projections were cut to 1.6 percent and 1.7 percent, from previous outlook of 1.7 percent and 1.8 percent, respectively.

The longer-term inflation expectations remained stable at 1.9 percent. Real GDP growth expectations were revised upwards for 2018 and 2019, to 2.4 percent and 2.0 percent. This represents downward revision from 2.3 percent and 1.9 percent, respectively projected in January survey. Projections for growth were lowered to 1.6 percent from 1.7 percent for 2020.

Unemployment rate expectations were revised downwards to 8.3 percent and 7.5 percent for 2018 and 2020, respectively. In the first quarter survey, forecasters projected 8.4 percent for 2018 and 7.6 percent for 2020. For 2019, unemployment rate expectations were unchanged at 7.9 percent.

The Survey of Professional Forecasters were conducted between April 4 and 10.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback