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Economists trim euro zone's inflation and growth forecasts: ECB survey

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Economists trim euro zone's inflation and growth forecasts: ECB survey
FILE PHOTO: A woman passes sale signs in a shop window in downtown Hamburg, Germany, January 25, 2018. REUTERS/Fabian Bimmer/File Photo   -   Copyright  Fabian Bimmer(Reuters)
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FRANKFURT (Reuters) – Economists are trimming their inflation and growth forecasts for the euro zone and warning of the risk of further cuts as uncertainties ranging from Brexit to trade wars make companies more reluctant to invest, a European Central Bank survey showed on Thursday.

The ECB’s quarterly Survey of Professional Forecasters showed prices were now expected to grow by 1.4 percent this year, 1.5 percent the next and 1.6 percent in 2020 – a cut of 10 basis points in each year compared to January’s survey.

(Reporting By Francesco Canepa; Editing by Angus MacSwan)

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