The European Central Bank (ECB) has revised its macroeconomic projections, indicating changes in inflation rates and GDP growth expectations for the coming years. For 2024, the ECB has lowered its inflation forecast to 2.3% from the previous 2.7%, and core inflation, excluding energy and food, has been adjusted to 2.6% from 2.7%. The inflation target of 2% is now expected to be met in 2025, with further reductions anticipated in 2026 to 1.9%. Additionally, the GDP growth projection for 2024 has been revised down to 0.6%, with subdued economic activity expected in the near term. However, the economy is expected to pick up, growing at 1.5% in 2025 and 1.6% in 2026, supported initially by consumption and later by investment. The HICP inflation rates for 2025 and 2026 are projected at 2.0% and 1.9%, respectively, with core inflation rates for the same years forecasted at 2.1% and 2.0%.
🇪🇺 @ECB on hold, and staff projections for GDP growth and inflation lowered. 📉#GDP 2024: 0.6% (-0.2pt) 2025: 1.5% (flat) 📉Inflation 2024: 2.3% (-0.4pt) 2025: 2.0% (-0.1pt) 📉Core #inflation 2024: 2.6% (-0.1pt) 2025: 2.1% (-0.2pt) https://t.co/5pYJz75m05 https://t.co/a8fFrkyH9j
ECB: Staff Expect Economy To Pick Up And To Grow At 1.5% In 2025 And 1.6% In 2026, Supported Initially By Consumption And Later Also By Investment
ECB: Staff Now Project Inflation To Average 2.3% In 2024, 2.0% In 2025 And 1.9% In 2026
🔴 ECB: STAFF EXPECT THE ECONOMY TO PICK UP AND TO GROW AT 1.5% IN 2025 AND 1.6% IN 2026, SUPPORTED INITIALLY BY CONSUMPTION AND LATER ALSO BY INVESTMENT.
🔴 ECB: STAFF HAVE REVISED DOWN THEIR GROWTH PROJECTION FOR 2024 TO 0.6%, WITH ECONOMIC ACTIVITY EXPECTED TO REMAIN SUBDUED IN NEAR TERM.
🔴 ECB’S NEW INFLATION PROJECTIONS: 2.3% IN 2024, 2.0% IN 2025 AND 1.9% IN 2026.
🔴 ECB: PROJECTIONS FOR INFLATION EXCLUDING ENERGY AND FOOD HAVE ALSO BEEN REVISED DOWN AND AVERAGE 2.6% FOR 2024, 2.1% FOR 2025 AND 2.0%, FOR 2026.
#ECB MACROECONOMIC PROJECTIONS $EUR HICP INFLATION: - 2024: 2.3% (prev. 2.7%) - 2025: 2.0% (prev. 2.1%) - 2026: 1.9% (prev. 1.9%) HICP CORE INFLATION (EX-ENERGY & FOOD): - 2024: 2.6% (prev. 2.7%) - 2025: 2.1% (prev. 2.3%) - 2026: 2.0% (prev. 2.1%) GDP: - 2024: 0.6% (prev.…
ECB STAFF SEES INFLATION AT 2% TARGET IN 2025
ECB ECONOMISTS LOWER 2024 INFLATION FORECAST TO 2.3% FROM 2.7% ECB ECONOMISTS LOWER 2024 CORE INFLATION FORECAST TO 2.6% FROM 2.7% ECB SEES INFLATION AT 2.0% IN 2025 AND 1.9% IN 2026
🔴 ECB: STAFF EXPECT ECONOMY TO PICK UP AND TO GROW AT 1.5% IN 2025 AND 1.6% IN 2026, SUPPORTED INITIALLY BY CONSUMPTION AND LATER ALSO BY INVESTMENT.