- GDP - Historical
- GDP - Projection
- Inflation - Historical
- Inflation - Projection
Update date 19-07-2021
Update date 19-07-2021
Update date 19-07-2021
Update date 19-07-2021
Download forecasts with data and variable definitions
FORECASTS
|
Average for the last month in the period, unless otherwise specified | |||||||
|
Financial markets | |||||||
|
Average 2000-2007 |
Average 2008-2017 |
2018 |
2019 |
2020 |
2021 |
2022 | |
|
INTEREST RATES |
|||||||
|
Dollar | |||||||
|
Fed funds (upper limit) |
3.43 |
0.55 |
2.50 |
1.75 |
0.25 |
0.25 |
0.25 |
|
3-month Libor |
3.62 |
0.75 |
2.79 |
1.91 |
0.23 |
0.25 |
0.45 |
|
12-month Libor |
3.86 |
1.26 |
3.08 |
1.97 |
0.34 |
0.50 |
0.80 |
|
2-year government bonds |
3.70 |
0.80 |
2.68 |
1.63 |
0.13 |
0.25 |
0.50 |
|
10-year government bonds |
4.70 |
2.58 |
2.83 |
1.86 |
0.93 |
2.00 |
2.10 |
|
Euro | |||||||
|
ECB depo |
2.05 |
0.32 |
–0.40 |
–0.50 |
–0.50 |
–0.50 |
–0.50 |
|
ECB refi |
3.05 |
0.90 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Eonia |
3.12 |
0.55 |
–0.36 |
–0.46 |
–0.47 |
–0.45 |
–0.45 |
|
1-month Euribor |
3.18 |
0.67 |
–0.37 |
–0.45 |
–0.56 |
–0.48 |
–0.43 |
|
3-month Euribor |
3.24 |
0.85 |
–0.31 |
–0.40 |
–0.54 |
–0.50 |
–0.40 |
|
6-month Euribor |
3.29 |
1.00 |
–0.24 |
–0.34 |
–0.52 |
–0.48 |
–0.38 |
|
12-month Euribor |
3.40 |
1.19 |
–0.13 |
–0.26 |
–0.50 |
–0.45 |
–0.35 |
|
Germany | |||||||
|
2-year government bonds |
3.41 |
0.55 |
–0.60 |
–0.63 |
–0.73 |
–0.60 |
–0.45 |
|
10-year government bonds |
4.30 |
1.82 |
0.25 |
–0.27 |
–0.57 |
–0.25 |
0.00 |
|
Spain | |||||||
|
3-year government bonds |
3.62 |
2.06 |
–0.02 |
–0.36 |
–0.57 |
–0.26 |
–0.06 |
|
5-year government bonds |
3.91 |
2.59 |
0.36 |
–0.09 |
–0.41 |
–0.10 |
0.12 |
|
10-year government bonds |
4.42 |
3.60 |
1.42 |
0.44 |
0.05 |
0.35 |
0.50 |
|
Risk premium |
11 |
178 |
117 |
71 |
62 |
60 |
50 |
|
Portugal | |||||||
|
3-year government bonds |
3.68 |
4.02 |
–0.18 |
–0.34 |
–0.61 |
–0.16 |
0.05 |
|
5-year government bonds |
3.96 |
4.67 |
0.47 |
–0.12 |
–0.45 |
–0.11 |
0.14 |
|
10-year government bonds |
4.49 |
5.35 |
1.72 |
0.40 |
0.02 |
0.35 |
0.53 |
|
Risk premium |
19 |
353 |
147 |
67 |
60 |
60 |
53 |
|
EXCHANGE RATES | |||||||
|
EUR/USD (dollars per euro) |
1.13 |
1.29 |
1.14 |
1.11 |
1.22 |
1.17 |
1.17 |
|
EUR/GBP (pounds per euro) |
0.66 |
0.83 |
0.90 |
0.85 |
0.90 |
0.87 |
0.85 |
|
USD/GBP (pounds per dollar) |
0.59 |
0.64 |
0.79 |
0.76 |
0.74 |
0.75 |
0.72 |
|
OIL PRICE | |||||||
|
Brent ($/barrel) |
42.3 |
82.5 |
57.7 |
65.2 |
50.2 |
64.0 |
63.0 |
|
Brent (euros/barrel) |
36.4 |
63.2 |
50.7 |
58.6 |
41.3 |
54.7 |
53.8 |
|
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Update date 09-07-2021