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- ECB: The latest economic indicators and survey results confirm ongoing broad-based growth of the euro area economy, despite some moderation following the strong growth performance in 2017
ECB: The latest economic indicators and survey results confirm ongoing broad-based growth of the euro area economy, despite some moderation following the strong growth performance in 2017
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At its monetary policy meeting on 13 September, the Governing Council concluded that the incoming information, including the September 2018 ECB staff projections, broadly confirms the Governing Council's previous assessment of an ongoing broad-based expansion of the euro area economy and gradually rising inflation.
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While the global economy maintained a steady pace in the first half of 2018, momentum is expected to moderate.
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In financial markets, euro area long-term risk-free rates have been broadly unchanged since the Governing Council's meeting in June 2018.
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The September 2018 ECB staff macroeconomic projections for the euro area foresee annual real GDP increasing by 2.0% in 2018, 1.8% in 2019 and 1.7% in 2020.
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According to Eurostat's flash estimate, euro area annual HICP inflation was 2.0% in August 2018, down from 2.1% in July.
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