SPF inflation expectations have been revised upwards for shorter-term and longer-term horizons. According to SPF respondents, the outlook for inflation is supported by the confirmation of ongoing growth in economic activity and monetary policy measures.
Longer-term inflation expectations (for 2020) stand at 1.9%.
Real GDP growth expectations are broadly unchanged on an upward path, with SPF respondents highlighting accommodative monetary policy and low oil prices as the main supporting factors.
Unemployment rate forecasts have been revised further down over all horizons.(...)
Longer-term inflation expectations (for 2020) stand at 1.9%.
Real GDP growth expectations are broadly unchanged on an upward path, with SPF respondents highlighting accommodative monetary policy and low oil prices as the main supporting factors.
Unemployment rate forecasts have been revised further down over all horizons.(...)
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