Global Economy

ECB Survey of Professional Forecasters (Q3):

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Professional forecasters significantly lowered 2026 growth expectations to 0.6% while raising core inflation forecasts to 2.4%, signaling a more challenging stagflationary environment for the ECB.

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Inflation: 2026 2.7% (prev. 2.7%) 2027 2.2% (prev. 2.1%) 2028 2.0% (prev. 2.0%) Core Inflation: 2026 2.4% (prev. 2.2%) 2027 2.2% (prev. 2.2%) 2028 2.1% (prev. 2.1%) Real GDP: 2026 0.6% (prev. 1.0%) 2027 1.2% (prev. 1.3%) 2028 1.3% (prev. 1.3%)

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