ECB: growth in the eurozone will slow in 2019


A survey conducted by analysts at the ECB showed a decline in growth forecasts for the euro area in 2019. Previously, the growth of the EU economy was expected at 1.8% in 2019. The current expert rating was 1.5%. Analysts predict inflation at 1.5% in 2019. Previously, experts expected a rate of 1.7%. The GDP growth forecast for 2020 was reduced to 1.5% instead of 1.6%, the inflation forecast - to 1.6% instead of 1.7%. Experts expect that GDP in the eurozone will grow at a rate of 1.5% per year. The initial forecast was 1.6%. By 2022, inflation will rise to 1.8%, rather than 1.9%, as analysts thought. The ECB hopes to achieve the inflation rate “just below 2%”, which, given the current figures, is difficult to achieve. Bank Governor, Mario Draghi, does not plan to raise interest rates at least until the end of the summer of 2019. In January, the interest rate on loans was left at the level of zero, the rate on deposits - at the level of minus 0.4%, the rate on margin loans - at the level of 0.25% per year. Lowering GDP growth forecasts is due to geopolitical factors, the threat of protectionism, weak markets in developing countries and high volatility.

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