ECB staff macroeconomic projections for the euro area

The short-term outlook for growth in the euro area has deteriorated, while over the medium term the economy should gradually return to moderate growth as both domestic and foreign demand recover.

Euro area economic activity grew at a subdued paced in the first half of 2023, despite the elevated level of manufacturing order backlogs and the unwinding of high energy prices.

In this alert, you will read more about the GDP growth, assumptions related to interest rates/ commodity prices/ exchange rates, international environment, inflation/ CPI/ HICP, scenario analysis - economic slowdown in China, and fiscal outlook.