ECB cuts eurozone growth forecast for 2013, 2014

7th March 2013, Comments 0 comments

The European Central Bank on Thursday trimmed growth forecasts for eurozone growth this year and next year, and held steady its 2013 forecast for inflation in the 17 countries that share the single currency.

The following is a table of all of the ECB's projections, which it releases each quarter. The figures are expressed as percentage changes, and all are positive unless indicated otherwise.

The mid-point value of a forecast range is used in AFP stories to clarify the bank's estimates and the previous forecasts from September are in parentheses.

The figures can also be consulted at the following web address:

http://www.ecb.int/pub/pub/mopo/html/index.en.html?skey=staff+macroeconomic+projections

2013 2014

Inflation 1.6 (1.6) 1.3 (1.4)

Real GDP growth -0.5 (-0.3) 1.0 (1.2)

- Private consumption -0.8 (-0.6) 0.6 (0.5)

- Government consumption -0.5 (-0.6) 0.4 (0.4)

- Investment -2.4 (-2.6) 1.3 (1.3)

- Exports 1.1 (2.3) 4.3 (5.3)

- Imports 0.1 (1.0) 4.1 (4.7)


© 2013 AFP

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