European Central Bank’s Survey of Professional Forecasters: forecasters lower their inflation forecasts

Market news

22 April 2016

European Central Bank’s Survey of Professional Forecasters: forecasters lower their inflation forecasts

The European Central Bank (ECB) released its Survey of Professional Forecasters for Q2 2016 on Friday. Forecasters cut their inflation forecasts. Eurozone's inflation is expected to be 0.3% in 2016, down from January estimate of 0.7%, 1.3% in 2017, down from January estimate of 1.4%, and 1.6% in 2018, unchanged from January estimate.

Long-term inflation forecasts (for 2020) remained unchanged at 1.8%.

The economic growth in the Eurozone is expected to expand 1.5% this year, down from January estimate of 1.7%, 1.6% next year, down from January estimate of 1.8%, and 1.7% in 2018, unchanged from January estimate.

Long-term growth forecasts (for 2020) remained unchanged at 1.7%.

Japan's tertiary industry activity index decreases 0.1% in February

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