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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EUROZONE
The European Commission forecasts average eurozone inflation to peak at 2.4% in 2021 (headline currently at 4.1%p, the year's low was 0.9% in January), accelerating from the 1.9% forecast back in the summer.
- For 2022, the EC sees inflation dipping to 2.2%, before falling back to 1.4% in 2023, well below the ECB's new symmetric 2% price target. In the summer, the Commission forecast average EZ inflation at 1.9% in 2021 and 1.4% in 2022.
- However, Brussels warned that "inflation may turn out higher than forecast if supply constraints are more persistent and above productivity wage increases are passed on to consumer prices."
- GDP growth is seen at 5% in 2021, 4.3% in 2022 and 2.5% in 2021. Growth for both this and next year has been called modestly higher from the Summer forecast round, both now seen an additional 0.2 percentage points higher.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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