Adam

Results of the ECB Survey of Professional Forecasters for the second quarter of 2022

Forecasters cite war in Ukraine as main factor behind macroeconomic forecast revisions HICP inflation expectations revised up for 2022 and 2023 but unchanged for 2024 at 1.9% Longer term inflation expectations revised up from 2.0% to 2.1% Real GDP growth expectations on balance revised down Unemployment rate expectations revised down again for all horizons

Monetary policy decisions

Russia’s aggression in Ukraine is causing enormous suffering. It is also affecting the economy, in Europe and beyond. The conflict and the associated uncertainty are weighing heavily on the confidence of businesses and consumers. Trade disruptions are leading to new shortages of materials and inputs. Surging energy and commodity prices are reducing demand and holding […]