The latest quarterly ECB forecasts:

The prior forecasts were from September

Forecasts for GDP growth:

  • 2018 1.9% vs +2.0% prior
  • 2019 1.7% vs +1.8% prior
  • 2020 1.7% vs +1.7% prior
  • 2021 1.5% (no prior, this is the first forecast for 2021)

Inflation forecasts revised for this year but down later:

  • 2018 1.8% vs +1.7% prior
  • 2019 1.6% vs +1.7% prior
  • 2020 1.7% vs +1.7% prior
  • 2021 1.8% (no prior, this is the first forecast for 2021)

2019 inflation ex food and energy seen at 1.4% vs 1.5% prior