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ECB revises GDP and HICP inflation forecasts lower

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    ECB’s Draghi, during the press conference speech, announced downward revisions to Eurozone GDP and inflation forecasts as widely expected by the markets.

    Draghi said HICP outlook revised down mainly on oil price decline

    GDP forecasts

    Sees 2016 GDP growth at 1.4 pct vs. 1.7 pct seen in December

    Sees 2017 GDP growth at 1.7 pct vs. 1.9 pct seen in December

    Sees 2018 GDP growth at 1.8 pct

    Inflation forecasts

    Sees 2016 inflation at 0.1 pct vs. 1.0 pct seen in December

    Sees 2017 inflation at 1.3 pct vs. 1.6 pct seen in December

    Sees 2018 inflation at 1.6 pct
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