Past macroeconomic projection ranges
Twice a year, both ECB staff (March and September) and Eurosystem staff (June and December) publish macroeconomic projections for the euro area. The ranges indicate the projected average annual percentage changes. The projections are a key element in sharpening the assessment of macroeconomic developments.
This page presents all projections since 2000.
Eurosystem staff macroeconomic projections for the euro area
2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
HICP | 0.2 | 1.0 | 1.1 | 1.4 |
Real GDP | -7.3 | 3.9 | 4.2 | 2.1 |
Note: This table does not show ranges around the projections. This reflects the fact that the standard computation of the ranges (based on historical projection errors) would not, in the present circumstances, provide a reliable indication of the unprecedented uncertainty surrounding the current projections. Instead, in order to better illustrate the current uncertainty, alternative scenarios based on different assumptions regarding the future evolution of the COVID-19 pandemic and the associated containment measures are provided in Box 3 of the projections article. |
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
HICP | 1.2 | 0.3 | 0.8 | 1.3 |
Real GDP | 1.2 | -8.7 | 5.2 | 3.3 |
Note: This table does not show ranges around the projections. This reflects the fact that the standard computation of the ranges (based on historical projection errors) would not, in the present circumstances, provide a reliable indication of the unprecedented uncertainty surrounding the current projections. Instead, in order to better illustrate the current uncertainty, alternative scenarios based on different assumptions regarding the future evolution of the COVID-19 pandemic and the associated containment measures are provided in Box 3 of the projections article. |
ECB staff macroeconomic projections for the euro area
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
HICP | 1.2 | 0.3 | 1.0 | 1.3 |
Real GDP | 1.3 | -8.0 | 5.0 | 3.2 |
Note: This table does not show ranges around the projections. This reflects the fact that the standard computation of the ranges (based on historical projection errors) would not, in the present circumstances, provide a reliable indication of the unprecedented uncertainty surrounding the current projections. Instead, in order to better illustrate the current uncertainty, alternative scenarios based on different assumptions regarding the future evolution of the COVID-19 pandemic and the associated containment measures are provided in Box 3 of the projections article. |
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
HICP | 1.2 | 1.1 [0.8 - 1.4] |
1.4 [0.7 - 2.1] |
1.6 [0.8 - 2.4] |
Real GDP | 1.2 | 0.8 [0.4 - 1.2] |
1.3 [0.4 - 2.2] |
1.4 [0.5 - 2.3] |
Eurosystem staff macroeconomic projections for the euro area
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
HICP | 1.2 [1.2 - 1.2] |
1.1 [0.6 - 1.6] |
1.4 [0.7 - 2.1] |
1.6 [0.8 - 2.4] |
Real GDP | 1.2 [1.1 - 1.3] |
1.1 [0.5 - 1.7] |
1.4 [0.5 - 2.3] |
1.4 [0.4 - 2.4] |
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
HICP | 1.8 | 1.3 [1.2 - 1.4] |
1.4 [0.7 - 2.1] |
1.6 [0.8 - 2.4] |
Real GDP | 1.8 | 1.2 [0.9 - 1.5] |
1.4 [0.5 - 2.3] |
1.4 [0.4 - 2.4] |
ECB staff macroeconomic projections for the euro area
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
HICP | 1.8 | 1.2 [1.1 - 1.3] |
1.0 [0.4 - 1.6] |
1.5 [0.7 - 2.3] |
Real GDP | 1.9 | 1.1 [0.9 - 1.3] |
1.2 [0.4 - 2.0] |
1.4 [0.4 - 2.4] |
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
HICP | 1.7 | 1.2 [0.9 - 1.5] |
1.5 [0.8 - 2.2] |
1.6 [0.8 - 2.4] |
Real GDP | 1.9 | 1.1 [0.7 - 1.5] |
1.6 [0.7 - 2.5] |
1.5 [0.5 - 2.5] |
Eurosystem staff macroeconomic projections for the euro area
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
HICP | 1.8 [1.8 - 1.8] |
1.6 [1.1 - 2.1] |
1.7 [0.9 - 2.5] |
1.8 [0.9 - 2.7] |
Real GDP | 1.9 [1.8 - 2.0] |
1.7 [1.1 - 2.3] |
1.7 [0.8 - 2.6] |
1.5 [0.5 - 2.5] |
2017 | 2018 | 2019 | 2020 | |
---|---|---|---|---|
HICP | 1.5 | 1.7 [1.6 - 1.8] |
1.7 [1.0 - 2.4] |
1.7 [0.9 - 2.5] |
Real GDP | 2.5 | 2.1 [1.8 - 2.4] |
1.9 [0.9 - 2.9] |
1.7 [0.6 - 2.8] |
ECB staff macroeconomic projections for the euro area
2017 | 2018 | 2019 | 2020 | |
---|---|---|---|---|
HICP | 1.5 | 1.7 [1.6 - 1.8] |
1.7 [1.1 - 2.3] |
1.7 [0.9 - 2.5] |
Real GDP | 2.5 | 2.0 [1.8 - 2.2] |
1.8 [1.0 - 2.6] |
1.7 [0.6 - 2.8] |
2017 | 2018 | 2019 | 2020 | |
---|---|---|---|---|
HICP | 1.5 | 1.4 [1.1 - 1.7] |
1.4 [0.6 - 2.2] |
1.7 [0.8 - 2.6] |
Real GDP | 2.5 | 2.4 [2.1 - 2.7] |
1.9 [0.9 - 2.9] |
1.7 [0.7 - 2.7] |
Eurosystem staff macroeconomic projections for the euro area
2017 | 2018 | 2019 | 2020 | |
---|---|---|---|---|
HICP | 1.5 [1.5 - 1.5] |
1.4 [0.9 - 1.9] |
1.5 [0.7 - 2.3] |
1.7 [0.8 - 2.6] |
Real GDP | 2.4 [2.3 - 2.5] |
2.3 [1.7 - 2.9] |
1.9 [0.9 - 2.9] |
1.7 [0.6 - 2.8] |
2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
HICP | 0.2 | 1.5 [1.4 - 1.6] |
1.3 [0.6 - 2.0] |
1.6 [0.7 - 2.5] |
Real GDP | 1.7 | 1.9 [1.6 - 2.2] |
1.8 [0.8 - 2.8] |
1.7 [0.6 - 2.8] |
ECB staff macroeconomic projections for the euro area
2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
HICP | 0.2 | 1.5 [1.4 - 1.6] |
1.2 [0.6 - 1.8] |
1.5 [0.7 - 2.3] |
Real GDP | 1.8 | 2.2 [2.1 - 2.3] |
1.8 [1.0 - 2.6] |
1.7 [0.6 - 2.8] |
2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
HICP | 0.2 | 1.7 [1.4 - 2.0] |
1.6 [0.9 - 2.3] |
1.7 [0.8 - 2.6] |
Real GDP | 1.7 | 1.8 [1.5 - 2.1] |
1.7 [0.7 - 2.7] |
1.6 [0.5 - 2.7] |
Eurosystem staff macroeconomic projections for the euro area
2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
HICP | 0.2 [0.2 - 0.2] |
1.3 [0.8 - 1.8] |
1.5 [0.7 - 2.3] |
1.7 [0.9 - 2.5] |
Real GDP | 1.7 [1.6 - 1.8] |
1.7 [1.1 - 2.3] |
1.6 [0.6 - 2.6] |
1.6 [0.4 - 2.8] |
2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|
HICP | 0.0 | 0.2 [0.1 - 0.3] |
1.3 [0.6 - 2.0] |
1.6 [0.7 - 2.5] |
Real GDP | 1.6 | 1.6 [1.3 - 1.9] |
1.7 [0.7 - 2.7] |
1.7 [0.5 - 2.9] |
ECB staff macroeconomic projections for the euro area
2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|
HICP | 0.0 | 0.2 [0.1 - 0.3] |
1.2 [0.6 - 1.8] |
1.6 [0.8 - 2.4] |
Real GDP | 1.9 | 1.7 [1.5 - 1.9] |
1.6 [0.7 - 2.5] |
1.6 [0.4 - 2.8] |
2015 | 2016 | 2017 | 2018 | |
---|---|---|---|---|
HICP | 0.0 | 0.1 [-0.2 - 0.4] |
1.3 [0.6 - 2.0] |
1.6 [0.8 - 2.4] |
Real GDP | 1.5 | 1.4 [1.0 - 1.8] |
1.7 [0.7 - 2.7] |
1.8 [0.6 - 3.0] |
ECB staff macroeconomic projections for the euro area
2014 | 2015 | 2016 | 2017 | |
---|---|---|---|---|
HICP | 0.4 | 0.1 [0.0 - 0.2] |
1.1 [0.5 - 1.7] |
1.7 [0.9 - 2.5] |
Real GDP | 0.9 | 1.4 [1.3 - 1.5] |
1.7 [0.8 - 2.6] |
1.8 [0.6 - 3.0] |
ECB staff macroeconomic projections for the euro area
2014 | 2015 | 2016 | 2017 | |
---|---|---|---|---|
HICP | 0.4 | 0.0 [-0.3 - 0.3] |
1.5 [0.8 - 2.2] |
1.8 [1.0 - 2.6] |
Real GDP | 0.9 | 1.5 [1.1 - 1.9] |
1.9 [0.8 - 3.0] |
2.1 [0.9 - 3.3] |
Eurosystem staff macroeconomic projections
2014 | 2015 | 2016 | 2017 | |
---|---|---|---|---|
HICP | 0.4 | 0.1 [0.1 - 0.1] |
1.0 [0.5 - 1.5] |
1.6 [0.9 - 2.3] |
Real GDP | 0.9 | 1.5 [1.4 - 1.6] |
1.7 [1.1 - 2.3] |
1.9 [0.9 - 2.9] |
Eurosystem staff macroeconomic projections
2014 | 2015 | 2016 | 2017 | |
---|---|---|---|---|
HICP | 0.4 | 0.3 [0.2 - 0.4] |
1.5 [0.9 - 2.1] |
1.8 [1.0 - 2.6] |
Real GDP | 0.9 | 1.5 [1.1 - 1.9] |
1.9 [0.5 - 3.3] |
2.0 [0.3 - 3.7] |
ECB staff macroeconomic projections for the euro area
2013 | 2014 | 2015 | 2016 | |
---|---|---|---|---|
HICP | 1.4 | 0.6 [0.5 - 0.7] |
1.1 [0.5 - 1.7] |
1.4 [0.7 - 2.1] |
Real GDP | -0.4 | 0.9 [0.7 - 1.1] |
1.6 [0.6 - 2.6] |
1.9 [0.6 - 3.2] |
2013 | 2014 | 2015 | 2016 | |
---|---|---|---|---|
HICP | 1.4 | 1.0 [0.7 - 1.3] |
1.3 [0.6 - 2.0] |
1.5 [0.7 - 2.3] |
Real GDP | -0.4 | 1.2 [0.8 - 1.6] |
1.5 [0.4 - 2.6] |
1.8 [0.7 - 2.9] |
Eurosystem staff macroeconomic projections
2013 | 2014 | 2015 | 2016 | |
---|---|---|---|---|
HICP | 1.4 | 0.5 [0.5 - 0.5] |
0.7 [0.2 - 1.2] |
1.3 [0.6 - 2.0] |
Real GDP | -0.4 | 0.8 [0.7 - 0.9] |
1.0 [0.4 - 1.6] |
1.5 [0.4 - 2.6] |
2013 | 2014 | 2015 | 2016 | |
---|---|---|---|---|
HICP | 1.4 | 0.7 [0.6 - 0.8] |
1.1 [0.5 - 1.7] |
1.4 [0.6 - 2.2] |
Real GDP | -0.4 | 1.0 [0.6 - 1.4] |
1.7 [0.6 - 2.8] |
1.8 [0.5 - 3.1] |
ECB staff macroeconomic projections for the euro area
2012 | 2013 | 2014 | |
---|---|---|---|
HICP | 2.5 | 1.5 [1.4 , 1.6] |
1.3 [0.7 , 1.9] |
Real GDP | -0.6 | -0.4 [-0.6 , -0.2] |
1.0 [0.0 , 2.0] |
Private consumption | -1.4 | -0.7 [-0.9 , -0.5] |
0.7 [-0.2 , 1.6] |
Government consumption | -0.5 | -0.1 [-0.6 , 0.4] |
0.6 [0.0 , 1.2] |
Gross fixed capital formation | -4.0 | -3.6 [-4.4 , -2.8] |
1.8 [-0.7 , 4.3] |
Exports (goods and services) | 2.7 | 0.9 [-0.4 , 2.2] |
3.6 [0.1 , 7.1] |
Imports (goods and services) | -0.9 | -0.6 [-1.9 , 0.7] |
3.8 [0.3 , 7.3] |
2012 | 2013 | 2014 | |
---|---|---|---|
HICP | 2.5 | [1.2 , 2.0] | [0.6 , 2.0] |
Real GDP | -0.5 | [-0.9 , -0.1] | [0.0 , 2.0] |
Private consumption | -1.2 | [-1.3 , -0.3] | [-0.3 , 1.5] |
Government consumption | 0.0 | [-0.9 , -0.1] | [-0.4 , 1.2] |
Gross fixed capital formation | -4.0 | [-3.8 , -1.0] | [-0.9 , 3.5] |
Exports (goods and services) | 2.9 | [-1.3 , 3.5] | [0.8 , 7.8] |
Imports (goods and services) | -0.7 | [-2.1 , 2.3] | [1.0 , 7.2] |
Eurosystem staff macroeconomic projections
2012 | 2013 | 2014 | 2015 | |
---|---|---|---|---|
HICP | 2.5 | 1.4 [1.4 - 1.4] |
1.1 [0.6 - 1.6] |
1.3 [0.5 - 2.1] |
Real GDP | -0.6 | -0.4 [-0.5 - -0.3] |
1.1 [0.4 - 1.8] |
1.5 [0.4 - 2.6] |
2012 | 2013 | 2014 | |
---|---|---|---|
HICP | 2.5 | 1.4 [1.3 , 1.5] |
1.3 [0.7 , 1.9] |
Real GDP | -0.5 | -0.6 [-1.0 , -0.2] |
1.1 [0.0 , 2.2] |
Private consumption | -1.3 | -0.8 [-1.1 , -0.5] |
0.6 [-0.5 , 1.7] |
Government consumption | -0.4 | -0.1 [-0.6 , 0.4] |
0.6 [-0.1 , 1.3] |
Gross fixed capital formation | -4.2 | -2.9 [-4.1 , -1.7] |
1.8 [-0.9 , 4.5] |
Exports (goods and services) | 2.9 | 0.8 [-1.0 , 2.6] |
4.1 [0.3 , 7.9] |
Imports (goods and services) | -0.7 | -0.7 [-2.5 , 1.1] |
3.8 [0.1 , 7.5] |
ECB staff macroeconomic projections for the euro area
2011 | 2012 | 2013 | |
---|---|---|---|
HICP | 2.7 | [2.4 , 2.6] | [1.3 , 2.5] |
Real GDP | 1.5 | [-0.6 , -0.2] | [-0.4 , 1.4] |
Private consumption | 0.2 | [-1.1 , -0.7] | [-0.8 , 0.8] |
Government consumption | -0.3 | [-0.8 , 0.2] | [-0.8 , 0.4] |
Gross fixed capital formation | 1.5 | [-4.1 , -2.5] | [-1.7 , 2.7] |
Exports (goods and services) | 6.4 | [1.8 , 4.4] | [1.1 , 8.1] |
Imports (goods and services) | 4.2 | [-1.3 , 1.3] | [0.3 , 7.1] |
2011 | 2012 | 2013 | |
---|---|---|---|
HICP | 2.7 | [2.1 , 2.7] | [0.9 , 2.3] |
Real GDP | 1.5 | [-0.5 , 0.3] | [0.0 , 2.2] |
Private consumption | 0.2 | [-0.7 , 0.1] | [0.0 , 1.6] |
Government consumption | 0.2 | [-0.6 , 0.2] | [-0.1 , 1.3] |
Gross fixed capital formation | 1.6 | [-2.6 , 0.2] | [-0.9 , 3.7] |
Exports (goods and services) | 6.4 | [0.1 , 5.1] | [0.7 , 8.1] |
Imports (goods and services) | 4.1 | [-1.1 , 3.5] | [0.7 , 7.3] |
Eurosystem staff macroeconomic projections
2011 | 2012 | 2013 | 2014 | |
---|---|---|---|---|
HICP | 2.7 | [2.5 , 2.5] | [1.1 , 2.1] | [0.6 , 2.2] |
Real GDP | 1.5 | [-0.6 , -0.4] | [-0.9 , 0.3] | [0.2 , 2.2] |
Private consumption | 0.1 | [-1.2 , -1.0] | [-1.1 , -0.1] | [-0.4 , 1.4] |
Government consumption | -0.2 | [-0.6 , 0.2] | [-1.2 , 0.0] | [-0.4 , 1.2] |
Gross fixed capital formation | 1.6 | [-4.2 , -3.4] | [-4.2 , -1.0] | [-1.0 , 3.6] |
Exports (goods and services) | 6.5 | [2.1 , 3.7] | [-0.4 , 5.0] | [2.0 , 8.6] |
Imports (goods and services) | 4.3 | [-1.1 , 0.3] | [-1.7 , 3.7] | [1.7 , 7.7] |
2011 | 2012 | 2013 | |
---|---|---|---|
HICP | 2.7 | [2.3 , 2.5] | [1.0 , 2.2 ] |
Real GDP | 1.5 | [-0.5 , 0.3] | [0.0 , 2.0] |
Private consumption | 0.2 | [-0.7 , -0.1] | [-0.4 , 1.4] |
Government consumption | -0.3 | [-0.7 , 0.3] | [-0.7 , 0.7] |
Gross fixed capital formation | 1.6 | [-3.2 , -1.0] | [-0.8 , 3.8] |
Exports (goods and services) | 6.3 | [1.2 , 5.0] | [1.1 , 8.9] |
Imports (goods and services) | 4.1 | [-0.7 , 2.9] | [0.9 , 7.9] |
ECB staff macroeconomic projections for the euro area
2010 | 2011 | 2012 | |
---|---|---|---|
HICP | 1.6 | [2.5 , 2.7] | [1.2 , 2.2] |
Real GDP | 1.7 | [1.4 , 1.8] | [0.4 , 2.2] |
Private consumption | 0.8 | [0.3 , 0.7] | [0.0 , 1.6] |
Government consumption | 0.5 | [-0.2 , 0.8] | [-0.7 , 0.5] |
Gross fixed capital formation | -0.8 | [2.2 , 3.6] | [0.8 , 5.4] |
Exports (goods and services) | 11.0 | [5.6 , 8.4] | [2.3 , 9.7] |
Imports (goods and services) | 9.3 | [4.7 , 7.3] | [2.0 , 9.2] |
2010 | 2011 | 2012 | |
---|---|---|---|
HICP | 1.6 | [2.0 , 2.6] | [1.0 , 2.4] |
Real GDP | 1.7 | [1.3 , 2.1] | [0.8 , 2.8] |
Private consumption | 0.7 | [0.6 , 1.4] | [0.4 , 2.2] |
Government consumption | 0.8 | [-0.3 , 0.5] | [-0.5 , 0.9] |
Gross fixed capital formation | -0.8 | [0.4 , 3.4] | [0.7 , 5.5] |
Exports (goods and services) | 10.9 | [4.9 , 9.5] | [3.0 , 9.2] |
Imports (goods and services) | 9.0 | [3.5 , 7.7] | [2.8 , 8.4] |
Eurosystem staff macroeconomic projections
2010 | 2011 | 2012 | 2013 | |
---|---|---|---|---|
HICP | 1.6 | [2.6 , 2.8] | [1.5 , 2.5] | [0.8 , 2.2] |
Real GDP | 1.8 | [1.5 , 1.7] | [-0.4 , 1.0] | [0.3 , 2.3] |
Private consumption | 0.8 | [0.3 , 0.5] | [-0.4 , 0.6] | [0.0 , 1.8] |
Government consumption | 0.5 | [-0.3 , 0.5] | [-0.5 , 0.7] | [-0.3 , 1.3] |
Gross fixed capital formation | -0.6 | [1.6 , 2.4] | [-1.6 , 1.8] | [-0.5 , 4.3] |
Exports (goods and services) | 10.8 | [5.4 , 7.2] | [0.3 , 6.1] | [2.1 , 8.9] |
Imports (goods and services) | 9.2 | [4.0 , 5.4] | [-0.5 , 5.1] | [1.7 , 8.1] |
2010 | 2011 | 2012 | |
---|---|---|---|
HICP | 1.6 | [2.5 , 2.7] | [1.1 , 2.3] |
Real GDP | 1.7 | [1.5 , 2.3] | [0.6 , 2.8] |
Private consumption | 0.8 | [0.6 , 1.2] | [0.4 , 2.2] |
Government consumption | 0.6 | [-0.4 , 0.6] | [-0.5 , 0.9] |
Gross fixed capital formation | -0.9 | [2.0 , 4.2] | [1.1 , 5.9] |
Exports (goods and services) | 11.1 | [5.8 , 9.6] | [2.6 , 10.6] |
Imports (goods and services) | 9.3 | [4.3 , 7.9] | [2.6 , 10.0] |
ECB staff macroeconomic projections for the euro area
2009 | 2010 | 2011 | |
---|---|---|---|
HICP | 0.3 | [1.5 , 1.7] | [1.2 , 2.2] |
Real GDP | -4.0 | [1.4 , 1.8] | [0.5 , 2.3] |
Private consumption | -1.1 | [0.0 , 0.4] | [-0.1 , 1.5] |
Government consumption | 2.6 | [0.3 , 1.3] | [-0.1 , 1.1] |
Gross fixed capital formation | -11.0 | [-2.3 , -0.7] | [-1.6 , 3.0] |
Exports (goods and services) | -13.2 | [7.4 , 10.0] | [2.9 , 9.3] |
Imports (goods and services) | -11.8 | [5.8 , 8.2] | [1.6 , 7.8] |
2009 | 2010 | 2011 | |
---|---|---|---|
HICP | [0.3] | [0.8 , 1.6] | [0.9 , 2.1] |
Real GDP | [-4.0] | [0.4 , 1.2] | [0.5 , 2.5] |
Private consumption | [-1.0] | [-0.3 , 0.5] | [0.2 , 2.0] |
Government consumption | [2.5] | [0.1 , 1.1] | [0.2 , 1.6] |
Gross fixed capital formation | [-10.8] | [-3.1 , -0.5] | [-1.1 , 2.9] |
Exports (goods and services) | [-13.0] | [3.2 , 7.6] | [1.4 , 7.8] |
Imports (goods and services) | [-11.6] | [1.9 , 5.7] | [0.7 , 6.5] |
Eurosystem staff macroeconomic projections
2009 | 2010 | 2011 | 2012 | |
---|---|---|---|---|
HICP | [0.3] | [1.5 , 1.7] | [1.3 , 2.3] | [0.7 , 2.3] |
Real GDP | [-4.1] | [1.6 , 1.8] | [0.7 , 2.1] | [0.6 , 2.8] |
Private consumption | [-1.1] | [0.6 , 0.8] | [0.4 , 1.4] | [0.5 , 2.3] |
Government consumption | [2.4] | [0.5 , 1.3] | [-0.8 , 0.6] | [-0.4 , 1.0] |
Gross fixed capital formation | [-11.3] | [-1.4 , -0.6] | [-0.5 , 3.1] | [0.1 , 5.3] |
Exports (goods and services) | [-13.1] | [9.9 , 11.7] | [3.7 , 8.7] | [2.5 , 8.7] |
Imports (goods and services) | [-11.8] | [8.2 , 9.8] | [2.6 , 7.6] | [2.3 , 8.1] |
2009 | 2010 | 2011 | |
---|---|---|---|
HICP | [0.3] | [1.4 , 1.6] | [1.0 , 2.2] |
Real GDP | [-4.1] | [0.7 , 1.3] | [0.2 , 2.2] |
Private consumption | [-1.2] | [-0.2 , 0.4] | [-0.2 , 1.6] |
Government consumption | [2.6] | [0.3 , 1.3] | [-0.3 , 1.1] |
Gross fixed capital formation | [-10.8] | [-3.4 , -1.2] | [-2.1 , 2.7] |
Exports (goods and services) | [-13.2] | [5.5 , 9.1] | [1.1 , 7.9] |
Imports (goods and services) | [-12.0] | [3.8 , 7.0] | [0.4 , 6.8] |
ECB staff macroeconomic projections
2008 | 2009 | 2010 | |
---|---|---|---|
HICP | [3.3] | [0.2 , 0.6] | [0.8 , 1.6] |
Real GDP | [0.6] | [-4.4 , -3.8] | [-0.5 , 0.9] |
Private consumption | [0.3] | [-1.3 , -0.5] | [-0.8 , 0.6] |
Government consumption | [1.9] | [1.4 , 2.0] | [1.0 , 1.8] |
Gross fixed capital formation | [-0.2] | [-12.1 , -9.9] | [-5.2 , -1.2] |
Exports (goods and services) | [0.9] | [-16.2 , -13.6] | [-0.6 , 2.4] |
Imports (goods and services) | [1.0] | [-13.6 , -11.0] | [-2.3 , 2.1] |
2008 | 2009 | 2010 | |
---|---|---|---|
HICP | [3.3] | [0.1 , 0.7] | [0.6 , 1.4] |
Real GDP | [0.8] | [-3.2 , -2.2] | [-0.7 , 0.7] |
Private consumption | [0.5] | [-1.2 , -0.2] | [-0.4 , 1.0] |
Government consumption | [2.1] | [1.3 , 2.1] | [1.1 , 1.9] |
Gross fixed capital formation | [0.3] | [-8.6- -5.8] | [-4.3 , -0.3] |
Exports (goods and services) | [1.8] | [-9.7 , -6.9] | [-0.9 , 1.9] |
Imports (goods and services) | [1.8] | [-8.0 , -5.0] | [-1.6 , 2.6] |
Eurosystem staff macroeconomic projections
2008 | 2009 | 2010 | 2011 | |
---|---|---|---|---|
HICP | [3.3] | [0.3 , 0.3] | [0.9 , 1.7] | [0.8 , 2.0] |
Real GDP | [0.5] | [-4.1 , -3.9] | [0.1 , 1.5] | [0.2 , 2.2] |
Private consumption | [0.4] | [-1.2 , -1.0] | [-0.2 , 0.8] | [0.2 , 1.8] |
Government consumption | [2.0] | [2.2 , 3.0] | [0.5 , 1.7] | [0.4 , 1.8 |
Gross fixed capital formation | [-0.6] | [-11.3- -10.5] | [-3.1 , -0.1] | [-1.7 , 2.3] |
Exports (goods and services) | [0.8] | [-14.5 , -12.5] | [0.6 , 5.6] | [0.7 , 6.5] |
Imports (goods and services) | [0.9] | [-12.6 , -11.0] | [0.4 , 4.6] | [0.8 , 5.4] |
2008 | 2009 | 2010 | |
---|---|---|---|
HICP | [3.3] | [0.1 , 0.5] | [0.6 , 1.4] |
Real GDP | [0.6] | [-5.1 , -4.1] | [-1.0 , 0.4] |
Private consumption | [0.3] | [-1.3 , -0.5] | [-1.1 , 0.3] |
Government consumption | [2.0] | [1.4 , 2.0] | [0.9 , 1.7] |
Gross fixed capital formation | [-0.3] | [-12.3- -10.1] | [-6.1 , -2.1] |
Exports (goods and services) | [0.8] | [-16.6 , -14.0] | [-2.0 , 1.0] |
Imports (goods and services) | [0.9] | [-13.8 , -11.2] | [-3.0 , 1.4] |
ECB staff macroeconomic projections
2007 | 2008 | 2009 | |
---|---|---|---|
HICP | [2.1] | [3.4 , 3.6] | [2.3 , 2.9] |
Real GDP | [2.6] | [1.1 , 1.7] | [0.6 , 1.8] |
Private consumption | [1.6] | [0.5 , 0.9] | [0.6 , 1.6] |
Government consumption | [2.3] | [1.5 , 1.9] | [1.3 , 1.9] |
Gross fixed capital formation | [4.4] | [0.9 , 2.3] | [-0.7 , 2.1] |
Exports (goods and services) | [6.1] | [2.9 , 4.5] | [2.4 , 4.6] |
Imports (goods and services) | [5.4] | [2.4 , 3.8] | [2.0 , 5.0] |
2007 | 2008 | 2009 | |
---|---|---|---|
HICP | [2.1] | [2.6 , 3.2] | [1.5 , 2.7] |
Real GDP | [2.6] | [1.3 , 2.1] | [1.3 , 2.3] |
Private consumption | [1.6] | [1.1 , 1.7] | [1.0 , 2.4] |
Government consumption | [1.9] | [1.1 , 2.1] | [1.0 , 2.0] |
Gross fixed capital formation | [4.6] | [0.5 , 3.1] | [0.2 , 3.4] |
Exports (goods and services) | [5.7] | [2.6 , 5.6] | [3.1 , 6.3] |
Imports (goods and services) | [4.9] | [2.0 , 5.4] | [2.9 , 6.3] |
Eurosystem staff macroeconomic projections
2007 | 2008 | 2009 | 2010 | |
---|---|---|---|---|
HICP | [2.1] | [3.2 , 3.4] | [1.1 , 1.7 ] | [1.5 , 2.1 ] |
Real GDP | [2.6] | [0.8 , 1.2 ] | [-1.0 , 0.0] | [0.5 , 1.5 ] |
Private consumption | [1.6] | [0.1 , 0.5] | [-0.3 , 0.7 ] | [0.6 , 1.8 ] |
Government consumption | [2.3] | [1.9 , 2.3] | [1.3 , 1.9 ] | [1.3 , 1.9 ] |
Gross fixed capital formation | [4.2] | [0.2 , 1.2 ] | [-6.0 , -3.0 ] | [-2.4 , 1.0 ] |
Exports (goods and services) | [5.9] | [2.4 , 3.4 ] | [-1.4 , 1.0 ] | [2.3 , 4.9 ] |
Imports (goods and services) | [5.4] | [2.0 , 3.0 ] | [-1.9 , 1.1 ] | [1.4 , 5.2 ] |
2007 | 2008 | 2009 | |
---|---|---|---|
HICP | [2.1] | [3.2 , 3.6] | [1.8 , 3.0] |
Real GDP | [2.7] | [1.5 , 2.1] | [1.0 , 2.0] |
Private consumption | [1.6] | [1.1 , 1.5] | [0.9 , 2.1] |
Government consumption | [2.1] | [1.3 , 2.3] | [1.2 , 2.2] |
Gross fixed capital formation | [4.7] | [1.3 , 3.5] | [-0.4 , 2.8] |
Exports (goods and services) | [5.7] | [3.5 , 6.3] | [2.4 , 5.6] |
Imports (goods and services) | [5.2] | [2.9 , 6.3] | [2.2 , 5.6] |
ECB staff macroeconomic projections
2006 | 2007 | 2008 | |
---|---|---|---|
HICP | [2.2] | [1.9 , 2.1] | [1.5 , 2.5] |
Real GDP | [2.9] | [2.2 , 2.8] | [1.8 , 2.8] |
Private consumption | [1.9] | [1.4 , 1.8] | [1.5 , 2.7] |
Government consumption | [1.9] | [1.3 , 2.3] | [1.2 , 2.2] |
Gross fixed capital formation | [5.2] | [3.6 , 5.2] | [1.4 , 4.6] |
Exports (goods and services) | [8.2] | [4.6 , 7.4] | [3.9 , 7.1] |
Imports (goods and services) | [7.9] | [3.7 , 6.7] | [3.6 , 7.0] |
2006 | 2007 | 2008 | |
---|---|---|---|
HICP | [2.2] | [1.5 , 2.1] | [1.4 , 2.6] |
Real GDP | [2.8] | [2.1 , 2.9] | [1.9 , 2.9] |
Private consumption | [2.0] | [1.8 , 2.4] | [1.6 , 3.0] |
Government consumption | [2.3] | [0.8 , 1.8] | [1.0 , 2.0] |
Gross fixed capital formation | [4.9] | [2.4 , 5.0] | [1.9 , 5.1] |
Exports (goods and services) | [8.3] | [4.7 , 7.7] | [4.1 , 7.3] |
Imports (goods and services) | [7.9] | [3.7 , 7.1] | [4.2 , 7.6] |
Eurosystem staff macroeconomic projections
2006 | 2007 | 2008 | 2009 | |
---|---|---|---|---|
HICP | [2.2] | [2.0 , 2.2] | [2.0 , 3.0] | [1.2 , 2.4] |
Real GDP | [2.9] | [2.4 , 2.8] | [1.5 , 2.5] | [1.6 , 2.6] |
Private consumption | [1.9] | [1.4 , 1.8] | [1.4 , 2.4] | [1.2 , 2.8] |
Government consumption | [1.9] | [1.4 , 2.6] | [1.1 , 2.1] | [1.0 , 2.0] |
Gross fixed capital formation | [5.2] | [4.0 , 5.0] | [0.9 , 3.9] | [0.7 , 3.9] |
Exports (goods and services) | [8.0] | [4.6 , 7.4] | [3.5 , 6.7] | [3.9 , 7.1] |
Imports (goods and services) | [7.6] | [4.0 , 6.6] | [3.3 , 6.7] | [3.6 , 7.0] |
2006 | 2007 | 2008 | |
---|---|---|---|
HICP | [2.2] | [1.8 , 2.2] | [1.4 , 2.6] |
Real GDP | [2.9] | [2.3 , 2.9] | [1.8 , 2.8] |
Private consumption | [1.8] | [1.7 , 2.1] | [1.6 , 2.8] |
Government consumption | [2.0] | [1.0 , 2.0] | [1.0 , 2.0] |
Gross fixed capital formation | [5.1] | [3.8 , 6.0] | [1.9 , 5.1] |
Exports (goods and services) | [8.5] | [4.8 , 7.6] | [4.0 , 7.2] |
Imports (goods and services) | [8.0] | [4.6 , 8.0] | [3.9 , 7.3] |
ECB staff macroeconomic projections
2005 | 2006 | 2007 | |
---|---|---|---|
HICP | [2.2] | [2.3 , 2.5] | [1.9 , 2.9] |
Real GDP | [1.5] | [2.2 , 2.8] | [1.6 , 2.6] |
Private consumption | [1.5] | [1.8 , 2.2] | [0.9 , 2.1] |
Government consumption | [1.3] | [1.0 , 2.0] | [0.7 , 1.7] |
Gross fixed capital formation | [2.7] | [3.0 , 4.6] | [2.1 , 5.3] |
Exports (goods and services) | [4.2] | [6.0 , 8.8] | [3.4 , 6.6] |
Imports (goods and services) | [5.2] | [5.7 , 8.7] | [3.1 , 6.5] |
Eurosystem staff macroeconomic projections
2005 | 2006 | 2007 | 2008 | |
---|---|---|---|---|
HICP | [2.2] | [2.1 , 2.3] | [1.5 , 2.5] | [1.3 , 2.5] |
Real GDP | [1.5] | [2.5 , 2.9] | [1.7 , 2.7] | [1.8 , 2.8] |
Private consumption | [1.4] | [1.8 , 2.2] | [1.3 , 2.3] | [1.2 , 2.8] |
Government consumption | [1.3] | [1.4 , 2.6] | [0.5 , 1.5] | [0.8 , 1.8] |
Gross fixed capital formation | [2.7] | [4.4 , 5.4] | [2.5 , 5.5] | [1.8 , 5.0] |
Exports (goods and services) | [4.6] | [6.6 , 9.4] | [4.2 , 7.4] | [4.2 , 7.4] |
Imports (goods and services) | [5.5] | [6.7 , 9.3] | [3.9 , 7.3] | [4.0 , 7.4] |
2005 | 2006 | 2007 | |
---|---|---|---|
HICP | [2.2] | [2.1 , 2.5] | [1.6 , 2.8] |
Real GDP | [1.4] | [1.8 , 2.4] | [1.3 , 2.3] |
Private consumption | [1.4] | [1.4 , 1.8] | [0.5 , 1.7] |
Government consumption | [1.4] | [1.3 , 2.3] | [0.7 , 1.7] |
Gross fixed capital formation | [2.5] | [2.3 , 4.5] | [1.6 , 4.8] |
Exports (goods and services) | [4.1] | [5.2 , 8.0] | [3.3 , 6.5] |
Imports (goods and services) | [5.0] | [5.3 , 8.7] | [2.8 , 6.2] |
ECB staff macroeconomic projections
2004 | 2005 | 2006 | |
---|---|---|---|
HICP | [2.1] | [2.1 , 2.3] | [1.4 , 2.4] |
Real GDP | [1.8] | [1.0 , 1.6] | [1.3 , 2.3] |
Private consumption | [1.3] | [1.1 , 1.5] | [0.7 , 1.9] |
Government consumption | [1.4] | [0.6 , 1.6] | [1.1 , 2.1] |
Gross fixed capital formation | [1.4] | [0.4 , 2.0] | [1.3 , 4.5] |
Exports (goods and services) | [5.9] | [2.4 , 5.2] | [4.6 , 7.8] |
Imports (goods and services) | [6.1] | [2.2 , 5.2] | [4.3 , 7.7] |
2004 | 2005 | 2006 | |
---|---|---|---|
HICP | [2.1] | [1.6 , 2.2] | [1.0 , 2.2] |
Real GDP | [1.8] | [1.2 , 2.0] | [1.6 , 2.6] |
Private consumption | [1.1] | [1.2 , 1.8] | [1.2 , 2.6] |
Government consumption | [1.5] | [0.7 , 1.7] | [0.6 , 1.6] |
Gross fixed capital formation | [1.7] | [1.6 , 4.2] | [2.1 , 5.3] |
Exports (goods and services) | [6.1] | [4.0 , 7.0] | [4.9 , 8.1] |
Imports (goods and services) | [6.5] | [4.7 , 8.1] | [4.9 , 8.3] |
Eurosystem staff macroeconomic projections
2004 | 2005 | 2006 | 2007 | |
---|---|---|---|---|
HICP | [2.1] | [2.1 , 2.3] | [1.6 , 2.6] | [1.4 , 2.6] |
Real GDP | [1.8] | [1.2 , 1.6] | [1.4 , 2.4] | [1.4 , 2.4] |
Private consumption | [1.4] | [1.1 , 1.5] | [0.9 , 1.9] | [0.6 , 2.2] |
Government consumption | [1.1] | [0.4 , 1.6] | [1.1 , 2.1] | [0.5 , 1.5] |
Gross fixed capital formation | [1.6] | [1.4 , 2.4] | [1.6 , 4.6] | [1.5 , 4.7] |
Exports (goods and services) | [6.1] | [2.6 , 5.4] | [4.3 , 7.5] | [4.1 , 7.3] |
Imports (goods and services) | [6.3] | [3.4 , 6.0] | [4.2 , 7.6] | [3.5 , 6.9] |
2004 | 2005 | 2006 | |
---|---|---|---|
HICP | [2.1] | [1.8 , 2.2] | [0.9 , 2.1] |
Real GDP | [1.8] | [1.1 , 1.7] | [1.5 , 2.5] |
Private consumption | [1.1] | [1.2 , 1.6] | [1.0 , 2.2] |
Government consumption | [1.3] | [0.4 , 1.4] | [1.1 , 2.1] |
Gross fixed capital formation | [1.7] | [0.5 , 2.7] | [1.9 , 5.1] |
Exports (goods and services) | [6.1] | [3.1 , 5.9] | [4.5 , 7.7] |
Imports (goods and services) | [6.1] | [2.6 , 6.0] | [4.4 , 7.8] |
ECB staff macroeconomic projections
2003 | 2004 | 2005 | |
---|---|---|---|
HICP | [2.1] | [2.1 , 2.3] | [1.3 , 2.3] |
Real GDP | [0.5] | [1.6 , 2.2] | [1.8 , 2.8] |
Private consumption | [1.0] | [1.2 , 1.6] | [1.5 , 2.7] |
Government consumption | [1.9] | [0.7 , 1.7] | [0.5 , 1.5] |
Gross fixed capital formation | [-0.4] | [0.8 , 2.4] | [2.0 , 5.2] |
Exports (goods and services) | [0.3] | [4.8 , 7.6] | [5.6 , 8.8] |
Imports (goods and services) | [2.1] | [3.7 , 6.7] | [5.3 , 8.7] |
2003 | 2004 | 2005 | |
---|---|---|---|
HICP | [2.1] | [1.4 , 2.0] | [0.9 , 2.1] |
Real GDP | [0.4] | [1.1 , 1.9] | [1.9 , 2.9] |
Private consumption | [1.1] | [1.0 , 1.6] | [1.6 , 3.0] |
Government consumption | [1.7] | [0.7 , 1.7] | [0.4 , 1.4] |
Gross fixed capital formation | [-1.4] | [0.7 , 3.3] | [2.3 , 5.5] |
Exports (goods and services) | [0.2] | [2.9 , 5.9] | [4.8 , 8.0] |
Imports (goods and services) | [1.6] | [3.1 , 6.5] | [5.2 , 8.6] |
Eurosystem staff macroeconomic projections
2003 | 2004 | 2005 | 2006 | |
---|---|---|---|---|
HICP | [2.1] | [2.1 , 2.3] | [1.5 , 2.5] | [1.0 , 2.2] |
Real GDP | [0.5] | [1.6 , 2.0] | [1.4 , 2.4] | [1.7 , 2.7] |
Private consumption | [1.1] | [0.9 , 1.3] | [1.1 , 2.1] | [1.2 , 2.8] |
Government consumption | [1.6] | [0.9 , 2.1] | [0.3 , 1.3] | [0.7 , 1.7] |
Gross fixed capital formation | [-0.6] | [1.2 , 2.2] | [1.7 , 4.7] | [2.1 , 5.3] |
Exports (goods and services) | [0.2] | [4.5 , 7.3] | [4.6 , 7.8] | [4.8 , 8.0] |
Imports (goods and services) | [2.0] | [5.0 , 7.6] | [4.8 , 8.2] | [4.8 , 8.2] |
2003 | 2004 | 2005 | |
---|---|---|---|
HICP | [2.1] | [1.9 , 2.3] | [1.1 , 2.3] |
Real GDP | [0.5] | [1.4 , 2.0] | [1.7 , 2.7] |
Private consumption | [1.0] | [1.0 , 1.4] | [1.4 , 2.6] |
Government consumption | [2.0] | [0.9 , 1.9] | [0.4 , 1.4] |
Gross fixed capital formation | [-0.8] | [0.7 , 2.9] | [1.9 , 5.1] |
Exports (goods and services) | [-0.2] | [3.2 , 6.0] | [5.0 , 8.2] |
Imports (goods and services) | [1.7] | [2.8 , 6.2] | [5.0 , 8.4] |
ECB staff macroeconomic projections
2002 | 2003 | 2004 | |
---|---|---|---|
HICP | [2.3] | [2.0 , 2.2] | [1.0 , 2.0] |
Real GDP | [0.9] | [0.1 , 0.7] | [1.0 , 2.0] |
Private consumption | [0.6] | [0.9 , 1.3] | [1.0 , 2.2] |
Government consumption | [2.8] | [1.1 , 2.1] | [0.4 , 1.4] |
Gross fixed capital formation | [-2.7] | [-1.5 , 0.1] | [0.8 , 4.0] |
Exports (goods and services) | [1.5] | [-1.8 , 1.0] | [2.6 , 5.8] |
Imports (goods and services) | [-0.2] | [0.5 , 3.5] | [3.3 , 6.7] |
2002 | 2003 | 2004 | |
---|---|---|---|
HICP | [2.2] | [1.7 , 2.3] | [0.9 , 2.1] |
Real GDP | [0.8] | [0.6 , 1.4] | [1.5 , 2.5] |
Private consumption | [0.7] | [0.9 , 1.5] | [1.2 , 2.6] |
Government consumption | [2.3] | [0.8 , 1.8] | [0.8 , 1.8] |
Gross fixed capital formation | [-2.6] | [-0.9 , 1.7] | [0.7 , 3.9] |
Exports (goods and services) | [1.4] | [2.4 , 5.4] | [3.4 , 6.6] |
Imports (goods and services) | [-0.1] | [2.9 , 6.3] | [4.1 , 7.5] |
Eurosystem staff macroeconomic projections
2002 | 2003 | 2004 | 2005 | |
---|---|---|---|---|
HICP | [2.3] | [2.0 , 2.2] | [1.3 , 2.3] | [1.0 , 2.2] |
Real GDP | [0.9] | [0.2 , 0.6] | [1.1 , 2.1] | [1.9 , 2.9] |
Private consumption | [0.5] | [1.0 , 1.4] | [1.1 , 2.1] | [1.4 , 3.0] |
Government consumption | [2.8] | [0.9 , 2.1] | [0.6 , 1.6] | [0.3 , 1.3] |
Gross fixed capital formation | [-2.8] | [-1.7 , -0.7] | [0.2 , 3.2] | [2.3 , 5.5] |
Exports (goods and services) | [1.7] | [-1.6 , 1.2] | [2.8 , 6.0] | [5.0 , 8.2] |
Imports (goods and services) | [0.0] | [0.1 , 2.7] | [2.9 , 6.3] | [5.1 , 8.5] |
2002 | 2003 | 2004 | |
---|---|---|---|
HICP | [2.3] | [1.8 , 2.2] | [0.7 , 1.9] |
Real GDP | [0.9] | [0.4 , 1.0] | [1.1 , 2.1] |
Private consumption | [0.6] | [1.2 , 1.6] | [1.1 , 2.4] |
Government consumption | [2.8] | [0.7 , 1.6] | [0.5 , 1.5] |
Gross fixed capital formation | [-2.7] | [-1.3 , 0.9] | [0.5 , 3.7] |
Exports (goods and services) | [1.2] | [0.5 , 3.4] | [3.0 , 6.2] |
Imports (goods and services) | [-0.5] | [1.6 , 5.0] | [3.5 , 6.9] |
ECB staff macroeconomic projections
2001 | 2002 | 2003 | |
---|---|---|---|
HICP | [2.5] | [2.1 , 2.3] | [1.3 , 2.3] |
Real GDP | [1.5] | [0.5 , 1.1] | [1.6 , 2.6] |
Private consumption | [1.9] | [0.5 , 0.9] | [1.3 , 2.5] |
Government consumption | [1.9] | [1.2 , 2.2] | [1.0 , 2.0] |
Gross fixed capital formation | [-0.5] | [-2.6 , -1.0] | [0.4 , 3.6] |
Exports (goods and services) | [2.8] | [-1.0 , 1.8] | [3.5 , 6.7] |
Imports (goods and services) | [1.2] | [-2.4 , 0.6] | [4.0 , 7.4] |
2001 | 2002 | 2003 | |
---|---|---|---|
HICP | [2.7] | [1.5 , 2.1] | [1.0 , 2.2] |
Real GDP | [1.5] | [0.6 , 1.4] | [2.0 , 3.0] |
Private consumption | [1.9] | [1.2 , 1.8] | [1.7 , 3.1] |
Government consumption | [1.9] | [1.0 , 2.0] | [0.7 , 1.7] |
Gross fixed capital formation | [-0.2] | [-0.9 , 1.7] | [2.0 , 5.2] |
Exports (goods and services) | [3.2] | [-0.8 , 2.2] | [4.0 , 7.2] |
Imports (goods and services) | [1.8] | [-0.4 , 3.0] | [4.0 , 7.4] |
Eurosystem staff macroeconomic projections
2001 | 2002 | 2003 | 2004 | |
---|---|---|---|---|
HICP | [2.5] | [2.1 , 2.3] | [1.3 , 2.3] | [1.0 , 2.2] |
Real GDP | [1.5] | [0.6 , 1.0] | [1.1 , 2.1] | [1.9 , 2.9] |
Private consumption | [1.9] | [0.4 , 0.8] | [1.1 , 2.1] | [1.5 , 3.1] |
Government consumption | [1.9] | [1.3 , 2.5] | [0.7 , 1.7] | [0.8 , 1.8] |
Gross fixed capital formation | [-0.4] | [-2.9 , -1.9] | [-0.6 , 2.4] | [1.4 , 4.6] |
Exports (goods and services) | [3.0] | [-0.9 , 1.9] | [2.4 , 5.6] | [3.9 , 7.1] |
Imports (goods and services) | [1.5] | [-2.4 , 0.2] | [2.6 , 6.0] | [4.1 , 7.5] |
2001 | 2002 | 2003 | |
---|---|---|---|
HICP | [2.5] | [2.1 , 2.5] | [1.3 , 2.5] |
Real GDP | [1.5] | [0.9 , 1.5] | [2.1 , 3.1] |
Private consumption | [1.8] | [1.0 , 1.4] | [1.7 , 3.0] |
Government consumption | [2.2] | [1.0 , 1.9] | [1.0 , 2.0] |
Gross fixed capital formation | [-0.3] | [-1.2 , 1.0] | [1.0 , 4.2] |
Exports (goods and services) | [2.7] | [0.0 , 2.9] | [4.5 , 7.7] |
Imports (goods and services) | [0.9] | [-1.1 , 2.3] | [4.4 , 7.8] |
ECB staff macroeconomic projections
2000 | 2001 | 2002 | |
---|---|---|---|
HICP | [2.4] | [2.6 , 2.8] | [1.3 , 2.3] |
Real GDP | [3.4] | [1.3 , 1.9] | [1.5 , 2.5] |
Private consumption | [2.6] | [1.4 , 1.8] | [1.5 , 2.7] |
Government consumption | [1.9] | [1.2 , 2.2] | [1.0 , 2.0] |
Gross fixed capital formation | [4.6] | [0.5 , 2.1] | [1.7 , 4.9] |
Exports (goods and services) | [12.0] | [3.0 , 5.8] | [2.3 , 5.5] |
Imports (goods and services) | [10.9] | [2.4 , 5.4] | [3.0 , 6.4] |
2000 | 2001 | 2002 | |
---|---|---|---|
HICP | [2.4] | [1.7 , 2.3] | [1.1 , 2.3] |
Real GDP | [3.4] | [2.5 , 3.3] | [2.3 , 3.3] |
Private consumption | [2.6] | [2.6 , 3.2] | [2.0 , 3.4] |
Government consumption | [1.6] | [0.9 , 1.9] | [0.9 , 1.9] |
Gross fixed capital formation | [4.7] | [2.9 , 5.5] | [2.7 , 5.9] |
Exports (goods and services) | [11.8] | [6.5 , 9.5] | [4.9 , 8.1] |
Imports (goods and services) | [10.8] | [6.7 , 10.1] | [5.1 , 8.5] |
Eurosystem staff macroeconomic projections
2000 | 2001 | 2002 | 2003 | |
---|---|---|---|---|
HICP | [2.4] | [2.6 , 2.8] | [1.1 , 2.1] | [0.9 , 2.1] |
Real GDP | [3.4] | [1.3 , 1.7] | [0.7 , 1.7] | [2.0 , 3.0] |
Private consumption | [2.6] | [1.7 , 2.1] | [1.2 , 2.2] | [1.5 , 3.1] |
Government consumption | [1.8] | [1.1 , 2.3] | [0.8 , 1.8] | [0.8 , 1.8] |
Gross fixed capital formation | [4.5] | [-0.6 , 0.4] | [-1.0 , 2.0] | [1.2 , 4.4] |
Exports (goods and services) | [12.4] | [2.4 , 5.2] | [0.3 , 3.5] | [4.0 , 7.2] |
Imports (goods and services) | [10.9] | [1.1 , 3.7] | [0.6 , 4.0] | [3.7 , 7.1] |
2000 | 2001 | 2002 | |
---|---|---|---|
HICP | [2.4] | [2.3 , 2.7] | [1.2 , 2.4] |
Real GDP | [3.4] | [2.2 , 2.8] | [2.1 , 3.1] |
Private consumption | [2.7] | [2.2 , 2.6] | [2.0 , 3.3] |
Government consumption | [2.0] | [1.2 , 2.1] | [0.9 , 1.9] |
Gross fixed capital formation | [4.6] | [2.3 , 4.5] | [2.2 , 5.4] |
Exports (goods and services) | [12.2] | [5.0 , 7.9] | [4.1 , 7.3] |
Imports (goods and services) | [10.9] | [4.9 , 8.3] | [4.3 , 7.7] |
Eurosystem staff macroeconomic projections
1999 | 2000 | 2001 | 2002 | |
---|---|---|---|---|
HICP | [1.1] | [2.3 , 2.5] | [1.8 , 2.8] | [1.3 , 2.5] |
Real GDP | [2.5] | [3.2 , 3.6] | [2.6 , 3.6] | [2.5 , 3.5] |
Private consumption | [2.8] | [2.3 , 2.7] | [2.2 , 3.2] | [1.7 , 3.3] |
Government consumption | [1.4] | [0.8 , 2.0] | [0.6 , 1.6] | [0.9 , 1.9] |
Gross fixed capital formation | [5.3] | [4.7 , 5.7] | [3.3 , 6.3] | [3.1 , 6.3] |
Exports (goods and services) | [4.6] | [9.8 , 12.6] | [6.5 , 9.7] | [5.6 , 8.8] |
Imports (goods and services) | [6.2] | [8.8 , 11.4] | [6.0 , 9.4] | [5.3 , 8.7] |