Market news
11.03.2021, 14:56

ECB's president Lagarde: ECB sees GDP growth at 4.0% and HICP inflation at 1.5% in 2021

  • ECB sees 2021 GDP growth at 4.0% vs. 3.9% projected in December
  • ECB sees 2022 GDP growth at 4.1% vs. 4.2% projected in December
  • ECB sees 2023 GDP growth at 2.1% vs. 2.1% projected in December
  • Notes mutations are the source of downside risk
  • ECB sees 2021 HICP inflation at 1.5% vs. 1.0% projected in December
  • ECB sees 2022 HICP inflation at 1.2% vs. 1.1% projected in December
  • ECB sees 2023 HICP inflation at 1.4% vs. 1.4% projected in December
  • Says long-term inflation expectations remain subdued

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