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FRANKFURT (Reuters)-The European Central Bank’s survey of professional forecasters on Friday showed that growth and inflation in the euro zone this year and next year may be higher than earlier forecasts.
The European Central Bank has set an inflation target of 2%, which may reach 1.9% this year, higher than the 1.6% forecast three months ago, and now expects the inflation rate in 2022 to be 1.5% instead of 1.3%.
Although the increase in forecast may be seen as a positive factor for the European Central Bank, which has been below its target for the past decade, the new survey forecast is in line with the bank’s own estimates and does not compare with the European Central Bank’s forecast. Upside space.
The long-term inflation forecast for 2026 is revised up from 1.7% to 1.8%.
In terms of growth, the survey now expects GDP to grow by 4.7% this year and 4.6% next year. This is an upward revision from the previous forecast, but it is basically in line with the estimates of the European Central Bank’s own staff.
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