Eurozone’s inflation forecast for 2015 is upgraded to 0.2%

Market news

17 July 2015

Eurozone’s inflation forecast for 2015 is upgraded to 0.2%

The European Central Bank (ECB) released its Survey of Professional Forecasters on Friday. Respondents expect the inflation in the Eurozone to rise 0.2% in 2015, up from the previous quarter's estimate of a 0.1% gain.

Inflation in 2016 is expected to increase 1.3%, up from the previous estimate of a 1.2% rise.

The upward revision was driven by the impact of quantitative easing.

GDP forecast for 2015 remained unchanged at 1.4%, while the forecast for 2016 was upgraded to 1.8% from the previous estimate of 1.7%.

The unemployment rate is expected to be 11% in 2015, 10.5% in 2016, and 10% in 2017.

U.S.: Reuters/Michigan Consumer Sentiment Index, July 93.3 (forecast 96.4)

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