ECB cuts growth forecasts in 2012, 2013

6th September 2012, Comments 0 comments

The European Central Bank on Thursday cut its projections for eurozone growth this year and next. Inflation forecasts were raised for this year and next.

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

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

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

http://www.ecb.europa.eu/pub/pubbydate/2012/html/index.en.html

2012 2013

- Inflation +2.5 (+2.4) +1.9 (+1.6)

- Real GDP growth -0.4 (-0.1) +0.5 (+1.0)

- Private consumption -0.9 (-0.4) 0.0 (+0.5)

- Government consumption -0.3 (-0.2) -0.2 (0.0)

- Investment -3.3 (-2.1) +0.5 (1.5)

- Exports +3.1 (3.1) +4.6 (5.0)

- Imports 0.0 (1.1) +3.7 (4.4)


© 2012 AFP

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