Macroeconomic projections aim to predict and understand the future state of the economy on a broad scale. They include information related to economic growth, inflation, wages, unemployment and trade.
Eurosystem and ECB staff produce macroeconomic projections that cover the outlook for the euro area and the wider global economy. These contribute to the ECB Governing Council’s assessment of economic developments and risks to price stability.
They are published four times a year (in March, June, September and December).
September 2024
At a glanceInflation outlook
Inflation is projected to increase in the fourth quarter of this year before returning to target by the end of 2025 as cost pressures ease and the impact of past monetary policy decisions gradually feeds through to consumer prices.
Gross domestic product outlook
Economic growth will likely remain weak in the near term but should be increasingly supported by rising household incomes, a resilient labour market, increasing confidence and stronger foreign demand, while financing conditions will be less of a constraint.
