According to the result of the latest survey of professional forecasters conducted by the European Central Bank (ECB), inflation expectations have been revised down by 0.1% for each year in the projection horizon.
Key highlights:
“¢ 2019 inflation seen at 1.3% (previously 1.4%).
“¢ 2020 inflation seen at 1.4% (previously 1.5%).
“¢ 2021 inflation seen at 1.5% (previously 1.6%).
“¢ Longer-term inflation projection cut to 1.7% from 1.8%.“¢ 2019 real GDP growth seen at 1.2% (unchanged).
“¢ 2020 real GDP growth seen at 1.3% (previously 1.4%).
“¢ 2021 real GDP growth seen at 1.4% (unchanged).
“¢ Longer-term GDP growth is seen at 1.4%.
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