The ECB Survey of Professional Forecasters

ECB
By May 12, 2020 15:50

The ECB Survey of Professional Forecasters

The results of Q2 2020 ECB Survey of Professional Forecasters (SPF) have to be seen in the context of the outbreak of the coronavirus (COVID-19) pandemic and subsequent mitigation measures. 1 Expectations for euro area inflation, growth and unemployment were all changed sharply. HICP inflation expectations stand at 0.4%, 1.2% and 1.4% for 2020, 2021 and 2022, respectively. Compared with the previous (Q1 2020) round, these are revised down by 0.8, 0.2 and 0.1 percentage points respectively. These revisions mainly reflect a combination of a changed profile for oil …

ECB
By May 12, 2020 15:50

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