ECB survey of professional forecasters

Survey results

ECB Survey:

  • Sees 2018 euro zone inflation at 1.7% v 1.5% seen 3 months ago
  • Sees 2019 inflation at 1.7% v 1.6% earlier, 2020 prediction unchanged at 1.7%
  • 2018 GDP forecast cut to 2.2% from 2.4%, 2019 cut to 1.9% from 2.0%
  • Underlying inflation projections unchanged throughout survey horizon
  • 'Longer term' inflation projection unchanged at 1.9%

Full release from the ECB here.

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