The latest GDP forecasts
- 2021 GDP +4.6% vs +4.0% prior
- 2022 GDP +4.7% vs +4.1% prior
- 2023 GDP +2.1% vs +2.1% prior
The consensus estimates are
- 2021 +4.2%
- 2022 +4.1%
- 2023 +2.0%
These are some rosy numbers and that's good for the euro -- at least in as much as you can trust a central bank forecast. Notably, they aren't forecasting any rate hikes and still see CPI below target through the horizon.
