Arab Today, arab today eurozone inflation outlook brighter
Last Updated : GMT 03:15:12
Arab Today, arab today
Arab Today, arab today

Eurozone inflation outlook brighter

Arab Today, arab today

Arab Today, arab today Eurozone inflation outlook brighter

According to the ECB's regular quarterly
Frankfurt - AFP

The inflation outlook for the euro area is improving as growth picks up and the effects of the European Central Bank's policy measures feed through into the economy, an ECB survey showed on Friday.

According to the ECB's regular quarterly survey of professional forecasters, eurozone inflation is expected to average 0.2 percent this year and then pick up to 1.3 percent in 2016 and 1.6 percent in 2017, moving closer to the central bank's target of just under two percent.

The 2015 and 2016 figures represent a slight upward revision from the previous survey in the second quarter.

Survey respondents "see a number of factors that support the strong pick-up in inflation in 2016 and 2017," the ECB said.

"The main factors include the confirmation of ongoing, albeit moderate, growth in economic activity, monetary policy measures, exchange rate developments and base effects from past oil price developments," it explained.

However, respondents expected the pick-up in economic activity to exert only slowly increasing pressure on prices, "as the slack remaining in the euro area economy will be removed only gradually," the ECB continued.

Structural reform efforts and ongoing adjustments and rebalancing in some euro area countries was also expected to help keep a lid on upward price pressures.

Already on Thursday, ECB chief Mario Draghi had said that the central bank's raft of different policy measures, including a much-contested scheme of buying 1.1 trillion euros ($1.2 trillion) worth of public sector and government bonds, were helping to fuel economic recovery.
Turning to the growth outlook for the 19 countries that share the euro, the survey saw largely no change in experts' growth forecasts.

"The outlook for economic activity was largely unchanged from the previous round," the ECB said, with real gross domestic product projected to expand by 1.4 percent in 2015, 1.8 percent in 2016 and 1.8 percent again in 2017.

Only the 2016 forecast was revised upwards slightly from 1.7 percent in the previous survey.

"The upward path is explained by the ECB's accommodative monetary policy and the low oil prices," the central bank said.

Many respondents expected the ECB's quantitative easing "to have an upward effect, both via the exchange rate, boosting extra-euro area demand, and thanks to low interest rates, allowing for improved credit market conditions," it explained.

Low oil prices would contribute positively to private consumption thanks to households' higher disposable income.

The ECB Survey of Professional Forecasters (SPF) collects the views of experts affiliated with financial or non-financial institutions based within the European Union.

While the ECB insists that the survey results do not represent the views of its staff and decision-making bodies, the SPF survey usually provides an indication of where the ECB's own forecasts -- scheduled for release on September 3 -- are headed.

The latest survey was conducted between June 30 and July 6 and there were 54 respondents, the ECB said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone inflation outlook brighter Arab Today, arab today eurozone inflation outlook brighter

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone inflation outlook brighter Arab Today, arab today eurozone inflation outlook brighter

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday