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.
The eurozone headline inflation outlook for 2023 has been cut in the Q2 professional forecasters compared to the Q1 release, although the expectations for core inflation were revised up, the ECB's latest survey published Friday shows.
According to the latest Survey of Professional Forecasters (SPF) downward revision of headline inflation expectations "primarily reflects lower expected energy price inflation (particularly for natural gas), while the upward revision for HICP inflation excluding food and energy mainly reflects recent data outturns, as well as higher wage growth forecasts." Headline inflation expectations for 2023, 2024 and 2025 now stand at 5.6%, 2.6% and 2.2% respectively, while longer-term inflation expectations (which relate to 2027) remain unchanged at 2.1%. The 2025 outlook was up from 2.1% in the February report.
Expectations for real GDP growth were revised up for 2023, but down slightly for 2024 and 2025 (see table). Longer-term expectations remained unchanged at 1.4%. Expected unemployment rates were revised down by 0.1-0.2 percentage points for the period 2023- 25.
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.