Eurosystem staff macroeconomic projections for the euro area

ECB
By June 14, 2018 16:13

Eurosystem staff macroeconomic projections for the euro area

June 2018

Following a weaker than expected start to the year, the economic expansion in the euro area is nevertheless projected to remain solid and to continue at a pace above potential. As in previous projection exercises, real GDP growth is projected to slow gradually over the projection horizon, from 2.1% in 2018 to 1.7% in 20202 , as some tailwinds slowly fade away. HICP inflation is expected to stand at 1.7% in each year of the projection period, albeit with some volatility in its quarterly profile. The stable path of the average annual inflation rate conceals a decline in the annual rate of the energy component, which is offset by gradually rising HICP inflation excluding energy and food as capacity constraints become increasingly binding

ECB
By June 14, 2018 16:13

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