Professional Forecasters Raise Euro Area Inflation and Growth Expectations for 2026
Forecasters have increased their short-term inflation and GDP growth outlooks for the euro area while keeping long-term expectations anchored at the European Central Bank's two percent target.
By Orion Desk
In the latest Survey of Professional Forecasters, participants lifted their 2026 headline inflation projection to 3.0% and 2027 to 2.6%, citing energy costs as a primary driver. Simultaneously, expectations for real GDP growth were revised upwards to 1.0% for 2026 and 1.3% for 2027.
These updated forecasts provide market participants with insight into how independent experts view the path for growth and prices over the coming years. While near-term figures were adjusted higher, respondents maintained their longer-term inflation expectations at the ECB’s 2.0% target for 2031.
Originally published by European Central Bank
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