European Central Bank downgrades its inflation and growth forecasts

Market news

10 March 2016

European Central Bank downgrades its inflation and growth forecasts

The European Central Bank (ECB) lowered its inflation and growth forecasts. Inflation in the Eurozone is expected to be 0.1% in 2016, down from its December estimate of 1.0%, 1.3% in 2017, down from its December estimate of 1.6%, and 1.6% in 2018.

The central bank expects the economy in the Eurozone to expand 1.4% in 2016, down from its December estimate of 1.7%, 1.7% in 2017, down from its December forecast of 1.9%, and 1.8% in 2018.

European Central Bank President Mario Draghi: new stimulus measures would help to boost inflation and to support the economic recovery in the Eurozone

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