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Eurosystem staff macroeconomic projections for the euro area

2026

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This report provides the Eurosystem staff's macroeconomic projections for the euro area, offering crucial insights into the economic outlook amidst ongoing geopolitical and energy price volatility.

* **Baseline Projections:** Detailed forecasts for real GDP growth, HICP inflation, and other key economic indicators for the euro area.
* **Alternative Scenarios:** Analysis of potential economic impacts under various scenarios, including milder, adverse, and severe outcomes related to the Middle East conflict and energy price shocks.
* **Sensitivity Analyses:** Examination of specific risks such as energy supply disruptions, jet fuel shortages, and alternative exchange rate paths.

Tags: euro area, macroeconomic projections, inflation, GDP, energy prices

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