ECB publishes the results of its survey of professional forecasters
- 2018 inflation rate 1.5%
- 2019 inflation rate 1.6% (from 1.7% prior)
- 2020 inflation 1.7% (from 1.8% prior)
- Longer-term expectations remain at 1.9%
- 2018 GDP growth 2.4%
- 2019 GDP growth 2.0%
- 2020 GDP growth 1.6%
- 2018 core inflation 1.2%
- 2019 core inflation 1.5%
- 2020 core inflation 1.7%
Projections show that growth for 2018 and 2019 was lifted while 2020 was lowered a little. No changes to core inflation forecasts. Nothing much else from the report, these are just what the so-called "professional forecasters" are viewing and not the ECB themselves.
The ECB will release their own set of projections in the upcoming meeting in June.
