ECB survey of professional forecasters for Q2 2026 shows modest changes in euro‑area outlook. Headline inflation, measured by the Harmonised Index of Consumer Prices (HICP), is expected to rise to 2.7 % in 2026, 2.1 % in 2027 and 2.0 % in 2028, up from 1.8 % and 2.0 % in the earlier survey. Core HICP inflation, excluding energy and food, is projected at 2.2 % for 2026 and 2027 and 2.1 % for 2028, also higher than before. Real GDP growth forecasts were cut by 0.2 percentage points for 2026 and 0.1 point for 2027, driven by expected higher energy costs; growth remains 1.3 % for 2028 and 2030. Unemployment expectations stay unchanged at 6.3 % in 2026, 6.2 % in 2027 and 6.1 % in 2028. The survey, covering 56 respondents from March 31 to April 8, will be followed by the ECB staff projections on 11 June.
© European Central Bank, 2025.
Summary derived from the ECB website (https://www.ecb.europa.eu ).
Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.