ECB survey sees higher growth, inflation in next 2 years By Reuters

© Reuters. FILE PHOTO: A customer shops in Norbert Kremsreiter’s fashion store, which originally sells clothes and food, and recently toilet paper and other toiletries as the spread of the coronavirus disease (COVID-19) continues in Freyung, Germany, March 29, 2021. FRANKFURT (Reuters) – Euro zone growth and inflation could be higher this year and next



© Reuters. FILE PHOTO: A customer shops in Norbert Kremsreiter’s fashion store, which originally sells clothes and food, and recently toilet paper and other toiletries as the spread of the coronavirus disease (COVID-19) continues in Freyung, Germany, March 29, 2021.

FRANKFURT (Reuters) – Euro zone growth and inflation could be higher this year and next than earlier predicted, the European Central Bank’s Survey of Professional Forecasters showed on Friday.

Inflation, targeted at 2% by the ECB, could hit 1.9% this year, above the 1.6% predicted three months ago while 2022 inflation is now seen at 1.5% as against 1.3%.

Although the increase in projections may be seen as a positive for the ECB, which has undershot its target for the past decade, the new survey forecast are in line with the bank’s own estimates and do not suggest any upside compared to what the ECB already predicted.

The longer term of 2026 inflation projection was raised to 1.8% from 1.7%.

In terms of growth, the survey now sees GDP expanding by 4.7% this year and 4.6% next year, upgrades compared to previous projections but broadly in line with estimates from the ECB’s own staff.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

The Fund Times
ADMINISTRATOR
PROFILE

Posts Carousel

Leave a Comment

Your email address will not be published. Required fields are marked with *

Latest Posts

Top Authors

Most Commented

Featured Videos