ECB raises GDP and inflation forecasts

FRANKFURT (Reuters) – The European Central Bank raised its growth and inflation forecasts on Thursday as the euro zone’s recovery becomes increasingly broad-based but saw inflation falling short of target into 2020 as high unemployment keeps a lid on wages.

The ECB, which targets inflation at just below 2 percent, sees price growth slowly accelerating over the coming years and hitting 1.7 percent in 2020, ECB President Mario Draghi told a news conference.

Growth next year was seen at 2.3 percent versus an earlier 1.8 percent forecast.

The following are the ECB staff’s new projections for inflation and GDP growth, with September forecasts in brackets. For 2020, the ECB provided projections for the first time.

The ECB updates projections once a quarter.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.