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The survey of Professional forecasters..........>

ECB
MNI (London)
ECB: The survey of Professional forecasters economic projections published
Monday and unsurprisingly see a sharp downward revision to the annual GDP and
inflation numbers for this year. 
--SPF Q2 responses see EZ real GDP average at -5.5%, 4.3% and 1.7% for 2020,
2021 and 2022, respectively, revisions from the previous round of -6.6
percentage points for 2020 and +3.1 percentage points for 2021.
--HICP seen averaging 0.4%, 1.2% and 1.4% for 2020, 2021 and 2022, respectively.
These results represent downward revisions of 0.8%, 0.2% and 0.1%.
--Average unemployment rate expectations stand at 9.4%, 8.9% and 8.4% for 2020,
2021 and 2022, upward revisions of 1.9, 1.5 and 1.1 percentage points,
respectively.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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