ECB staff macroeconomic projections for the euro area

2026

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This report provides the European Central Bank's staff's latest macroeconomic projections for the euro area, incorporating the impact of the war in the Middle East and updated energy price assumptions.

* Detailed baseline projections for real GDP and HICP inflation for the euro area.
* Analysis of alternative scenarios considering different intensities and durations of the Middle East conflict's impact on energy prices and uncertainty.
* Sensitivity analyses exploring the effects of alternative energy price paths and exchange rate movements.

Tags: ECB, euro area, macroeconomic projections, inflation, GDP

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