27 Oct 2017
ECB survey of professional forecasters: 2018 GDP growth seen at 1.9% Vs 1.8% previous
The latest ECB survey of professional forecasters was published this Friday and here are the key takeaways from the report:
• 2019 GDP 1.7% vs 1.6% previous survey in July
• 2022 inflation forecast at 1.9% vs 1.8% 3 months ago; 2018 and 2019 forecasts unchanged
• Unemployment rate expectations were again revised downwards at all horizons, 9.1%, 8.6% and 8.2% for 2017, 2018 and 2019, respectively.
• The average point forecast for the longer-term unemployment rate was revised downwards by 0.2 percentage points to 7.9%