The ECB Survey of Professional Forecasters (SPF) – Third quarter of 2019

ECB
By July 29, 2019 10:41

The ECB Survey of Professional Forecasters (SPF) – Third quarter of 2019

The results of the ECB Survey of Professional Forecasters (SPF) for the third quarter of 2019 show HICP inflation expectations of 1.3%, 1.4% and 1.5% for 2019, 2020 and 2021, respectively.1 This represents downward revisions of 0.1 percentage points for each horizon relative to the previous survey. Longer-term inflation expectations were revised down to 1.7%. Real GDP growth expectations were broadly unrevised and stood at 1.2%, 1.3%, and 1.4% for 2019, 2020 and 2021, respectively, and at 1.4% for the longer term. Unemployment rate expectations were revised downwards across horizons and continued to point to further falls towards a longer-term rate of 7.3%.

ECB
By July 29, 2019 10:41

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