Macroeconomic projections

Macroeconomic projections aim to predict and understand the future state of the economy on a broad scale. They include information related to economic growth, inflation, wages, unemployment and trade.

Eurosystem and ECB staff produce macroeconomic projections that cover the outlook for the euro area and the wider global economy. These contribute to the ECB Governing Council’s assessment of economic developments and risks to price stability.

They are published four times a year (in March, June, September and December).

About the projections
Other ESCB projections
Projection guide (July 2016)
Past projection ranges
March 2020
March 2020
ECB staff macroeconomic projections
Inflation outlook

The projections foresee annual HICP inflation at 1.1% in 2020, 1.4% in 2021, 1.6% in 2022. Compared with the December 2019 Eurosystem staff macroeconomic projections, the outlook for HICP inflation is unrevised.

More
Gross domestic product outlook

The projections foresee annual real GDP growth to decline to 0.8% in 2020 from 1.2% in 2019, before increasing to 1.3% in 2021 and 1.4% in 2022. Compared with the December 2019 Eurosystem staff macroeconomic projections, the outlook for real GDP growth has been revised down by 0.3 percentage points for 2020 and 0.1 percentage points for 2021.

More
12 March 2020
ECB staff macroeconomic projections for the euro area, March 2020
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG FrançaisFR SlovenščinaSL LatviešuLV MagyarHU PolskiPL PortuguêsPT Eesti keelET ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES SuomiFI HrvatskiHR ItalianoIT LietuviųLT NederlandsNL RomânăRO SlovenčinaSK SvenskaSV
English
Projection charts and tables
English
12 December 2019
Eurosystem staff macroeconomic projections for the euro area, December 2019
English
OTHER LANGUAGES (21) +
Select your language
SvenskaSV HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR
English
Projection charts and tables
English
Eurosystem staff macroeconomic projections for the euro area countries, December 2019
English
12 September 2019
ECB staff macroeconomic projections for the euro area, September 2019
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG SvenskaSV DeutschDE EλληνικάEL SuomiFI HrvatskiHR MagyarHU ItalianoIT NederlandsNL PortuguêsPT SlovenčinaSK LietuviųLT LatviešuLV PolskiPL RomânăRO SlovenščinaSL ČeštinaCS DanskDA EspañolES Eesti keelET FrançaisFR
English
Projection charts and tables
English
6 June 2019
Eurosystem staff macroeconomic projections for the euro area, June 2019
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
English
Projection charts and tables
English
Eurosystem staff macroeconomic projections for the euro area countries, June 2019
English
7 March 2019
ECB staff macroeconomic projections for the euro area, March 2019
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
English
Projection charts and tables
English
13 December 2018
Eurosystem staff macroeconomic projections for the euro area, December 2018
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
Projection charts and tables
English
Eurosystem staff macroeconomic projections for the euro area countries, December 2018
English
13 September 2018
ECB staff macroeconomic projections for the euro area, September 2018
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
Projection charts and tables
English
14 June 2018
Eurosystem staff macroeconomic projections for the euro area, June 2018
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
Projection charts and tables
English
Eurosystem staff macroeconomic projections for the euro area countries, June 2018
English
8 March 2018
ECB staff macroeconomic projections for the euro area, March 2018
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT SlovenčinaSK SlovenščinaSL SvenskaSV RomânăRO
Projection charts and tables
English
14 December 2017
Eurosystem staff macroeconomic projections for the euro area, December 2017
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
Projection charts and tables
English
Eurosystem staff macroeconomic projections for the euro area countries, December 2017
English
7 September 2017
ECB staff macroeconomic projections for the euro area, September 2017
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
Projection charts and tables
English
8 June 2017
Eurosystem staff macroeconomic projections for the euro area, June 2017
English
OTHER LANGUAGES (21) +
Select your language
ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL RomânăRO SlovenčinaSK SvenskaSV БългарскиBG Eesti keelET PortuguêsPT SlovenščinaSL
Projection charts and tables
English
Eurosystem staff macroeconomic projections for the euro area countries, June 2017
English
9 March 2017
ECB staff macroeconomic projections for the euro area, March 2017
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
8 December 2016
Eurosystem staff macroeconomic projections for the euro area, December 2016
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
Eurosystem staff macroeconomic projections for the euro area countries
English
8 September 2016
ECB staff macroeconomic projections for the euro area, September 2016
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
2 June 2016
Eurosystem staff macroeconomic projections for the euro area - June 2016
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
Eurosystem staff macroeconomic projections for the euro area countries, June 2016
English
10 March 2016
ECB staff macroeconomic projections for the euro area - March 2016
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
3 December 2015
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
3 September 2015
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
3 June 2015
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
5 March 2015
ECB staff macroeconomic projections for the euro area, March 2015
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
4 December 2014
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
4 September 2014
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
5 June 2014
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
6 March 2014
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
5 December 2013
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
5 September 2013
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (21) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
6 June 2013
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
7 March 2013
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
6 December 2012
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
6 September 2012
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
6 June 2012
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
8 March 2012
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
8 December 2011
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
8 September 2011
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
9 June 2011
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
3 March 2011
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
2 December 2010
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
2 September 2010
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
10 June 2010
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
4 March 2010
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
3 December 2009
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
3 September 2009
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
4 June 2009
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
5 March 2009
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
4 December 2008
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
4 September 2008
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
5 June 2008
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
6 March 2008
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
6 December 2007
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
6 September 2007
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
6 June 2007
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
8 March 2007
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (20) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
7 December 2006
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (18) +
Select your language
ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT SlovenčinaSK SlovenščinaSL SvenskaSV
31 August 2006
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (18) +
Select your language
ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT SlovenčinaSK SlovenščinaSL SvenskaSV
8 June 2006
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (18) +
Select your language
ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT SlovenčinaSK SlovenščinaSL SvenskaSV
2 March 2006
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (18) +
Select your language
ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT SlovenčinaSK SlovenščinaSL SvenskaSV
1 December 2005
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (18) +
Select your language
ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT SlovenčinaSK SlovenščinaSL SvenskaSV
1 September 2005
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (19) +
Select your language
ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT SlovenčinaSK SlovenščinaSL SvenskaSV
2 June 2005
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (18) +
Select your language
ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT SlovenčinaSK SlovenščinaSL SvenskaSV
3 March 2005
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (18) +
Select your language
ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT SlovenčinaSK SlovenščinaSL SvenskaSV
2 December 2004
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (18) +
Select your language
ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT SlovenčinaSK SlovenščinaSL SvenskaSV
2 September 2004
ECB staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (18) +
Select your language
ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV NederlandsNL PolskiPL PortuguêsPT SlovenčinaSK SlovenščinaSL SvenskaSV
3 June 2004
Eurosystem staff macroeconomic projections for the euro area
English
OTHER LANGUAGES (19) +
Select your language
ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT SlovenčinaSK SlovenščinaSL SvenskaSV
About the projections

Eurosystem/ECB staff macroeconomic projections provide an input to the ECB Governing Council’s assessment of economic developments and risks to price stability. These projections are neither endorsed by the Governing Council nor do they necessarily reflect the views of the Governing Council on the outlook for the euro area. Information on the procedures and techniques used is given in A guide to the Eurosystem/ECB staff macroeconomic projection exercises, ECB, July 2016.

The projections are published four times a year:

  • March and September projections are produced by ECB staff
  • June and December projections are produced jointly by Eurosystem and ECB staff

The jointly produced projections for June and December also include information on the outlook for individual euro area countries – this is published two weeks after the euro area projections for those months.

The period of time covered by these projections typically includes the current year and the following two years – with the exception that, for December projections, this is extended to include the current year and the following three years.

Other ESCB projections

Other projections by the national central banks of the ESCB

The national central banks (NCBs) of the ESCB prepare macroeconomic projections for their own country. These are not necessarily identical to those which underlie the Eurosystem and ECB staff macroeconomic projections for the euro area.

Austria
Oesterreichische Nationalbank
Belgium
National Bank of Belgium
Bulgaria
Българска народна банка
Croatia
Hrvatska narodna banka
Cyprus
Central Bank of Cyprus
Czech Republic
Česká národní banka
Estonia
Eesti Pank
Finland
Suomen Pankki
France
Banque de France
Germany
Deutsche Bundesbank
Hungary
Magyar Nemzeti Bank
Ireland
Central Bank of Ireland
Italy
Banca d’Italia
Latvia
Latvijas Banka
Lithuania
Lietuvos bankas
Malta
Central Bank of Malta
Netherland
De Nederlandsche Bank
Poland
Narodowy Bank Polski
Portugal
Banco de Portugal
Romania
Banca Naţională a României
Slovakia
Národná banka Slovenska
Slovenia
Banka Slovenije
Spain
Banco de España
Sweden
Sveriges Riksbank