Eurozone Consumers Expect 4% Inflation Over Next 12 Months, Economic Growth Outlook Darkens

Gate News message, April 28 — The European Central Bank released a survey of eurozone consumer economic expectations for March, revealing a significant shift in sentiment. Consumers predict inflation will reach 4% over the next 12 months and 3% over the next three years, both well above the ECB's 2% target.

The survey also shows a notably pessimistic outlook on economic growth, with most respondents expecting the eurozone economy to contract over the coming year.