https://sputnikglobe.com/20211216/ecb-lowers-eurozones-2022-gdp-projection-to-42-doubles-inflation-forecast-1091579141.html
ECB Lowers Eurozone’s 2022 GDP Projection to 4.2%, Doubles Inflation Forecast
ECB Lowers Eurozone’s 2022 GDP Projection to 4.2%, Doubles Inflation Forecast
Sputnik International
The European Central Bank has lowered the eurozone's GDP projection for 2022 to 4.2% and raised the projection for 2023 to 2.9%, ECB President Christine Lagarde said.
2021-12-16T17:03+0000
2021-12-16T17:03+0000
2021-12-16T17:03+0000
christine lagarde
the european central bank (ecb)
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"Our eurosystem [and ECB] staff projections for the annual real GDP growth at 5,1% in 2021, 4,2% in 2022, 2,9% in 2023 and 1,6% in 2024, compared with our September staff projection the outlook has been revised down for 2022 and up for 2023," Lagarde told a press conference.The ECB president also said that the re-introduced containment measures of some EU countries could delay the recovery, especially in travel, tourism, hospitality and entertainment."Our new staff projections foresee annual inflation at 2,6% in 2021 , 3,2% in 2022, 1,8% in 2023 and 1,8% in 2024, significantly higher than in the previous projections in September," Lagarde added.In the previous September forecast, the regulator expected inflation at 2.2% in 2021, 1.7% in 2022, and 1.5% in 2023.
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ECB Lowers Eurozone’s 2022 GDP Projection to 4.2%, Doubles Inflation Forecast
MOSCOW (Sputnik) - The European Central Bank (ECB) has lowered the eurozone's GDP projection for 2022 to 4.2% and raised the projection for 2023 to 2.9%, while significantly raising inflation projections compared to September forecasts, ECB President Christine Lagarde said on Thursday.
"Our eurosystem [and ECB] staff projections for the annual real GDP growth at 5,1% in 2021, 4,2% in 2022, 2,9% in 2023 and 1,6% in 2024, compared with our September staff projection the outlook has been revised down for 2022 and up for 2023," Lagarde told a press conference.
The ECB president also said that the re-introduced containment measures of some EU countries could delay the recovery, especially in travel, tourism, hospitality and entertainment.
"Our new staff projections foresee annual inflation at 2,6% in 2021 , 3,2% in 2022, 1,8% in 2023 and 1,8% in 2024, significantly higher than in the previous projections in September," Lagarde added.
In the previous September forecast, the regulator expected inflation at 2.2% in 2021, 1.7% in 2022, and 1.5% in 2023.
