ECB survey lifts euro-area inflation and growth outlook

The European Central Bank's latest Survey of Professional Forecasters, published 30 Oct, shows forecasters now expect headline inflation of 3.0 percent in 2026, easing to 2.6 percent in 2027 and 2.0 percent in 2028. Inflation expectations for 2026 and 2027 were revised up by 0.3 and 0.4 percentage points from the previous survey. Real GDP growth is expected at 1.0 percent in 2026 and 1.3 percent in both 2027 and 2028, with the 2026 figure raised by 0.4 percentage points. Unemployment is forecast at 6.4 percent for 2026, gradually declining to 6.1 percent over the longer term.