- GDP - Historical
- GDP - Projection
- Inflation - Historical
- Inflation - Projection
Update date 07-09-2020
Update date 07-09-2020
Update date 07-09-2020
Update date 07-09-2020
Download forecasts with data and variable definitions
FORECASTS
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Average for the last month in the period, unless otherwise specified |
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Financial markets |
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Average 2000-2007 |
Average 2008-2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
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INTEREST RATES |
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Dollar |
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Fed funds (upper limit) |
3.43 |
0.55 |
2.50 |
1.75 |
0.25 |
0.25 |
0.25 |
0.25 |
|
3-month Libor |
3.62 |
0.75 |
2.79 |
1.91 |
0.30 |
0.30 |
0.35 |
0.45 |
|
12-month Libor |
3.86 |
1.26 |
3.08 |
1.97 |
0.60 |
0.60 |
0.70 |
0.95 |
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2-year government bonds |
3.70 |
0.80 |
2.68 |
1.63 |
0.30 |
0.30 |
0.50 |
0.80 |
|
10-year government bonds |
4.70 |
2.58 |
2.83 |
1.86 |
0.95 |
1.00 |
1.20 |
1.40 |
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Euro |
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ECB depo |
2.05 |
0.32 |
–0.40 |
–0.50 |
–0.50 |
–0.50 |
–0.50 |
–0.50 |
|
ECB refi |
3.05 |
0.90 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
Eonia |
3.12 |
0.55 |
–0.36 |
–0.46 |
–0.45 |
–0.45 |
–0.45 |
–0.45 |
|
1-month Euribor |
3.18 |
0.67 |
–0.37 |
–0.45 |
–0.45 |
–0.45 |
–0.43 |
–0.35 |
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3-month Euribor |
3.24 |
0.85 |
–0.31 |
–0.40 |
–0.45 |
–0.45 |
–0.40 |
–0.25 |
|
6-month Euribor |
3.29 |
1.00 |
–0.24 |
–0.34 |
–0.40 |
–0.40 |
–0.35 |
–0.18 |
|
12-month Euribor |
3.40 |
1.19 |
–0.13 |
–0.26 |
–0.35 |
–0.35 |
–0.30 |
–0.10 |
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Germany |
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2-year government bonds |
3.41 |
0.55 |
–0.60 |
–0.63 |
–0.60 |
–0.50 |
–0.45 |
–0.30 |
|
10-year government bonds |
4.30 |
1.82 |
0.25 |
–0.27 |
–0.30 |
–0.15 |
0.00 |
0.40 |
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Spain |
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3-year government bonds |
3.62 |
2.06 |
–0.02 |
–0.36 |
0.06 |
0.22 |
0.26 |
0.47 |
|
5-year government bonds |
3.91 |
2.59 |
0.36 |
–0.09 |
0.21 |
0.38 |
0.44 |
0.66 |
|
10-year government bonds |
4.42 |
3.60 |
1.42 |
0.44 |
0.60 |
0.65 |
0.70 |
0.90 |
|
Risk premium |
11 |
178 |
117 |
71 |
90 |
80 |
70 |
50 |
|
Portugal |
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3-year government bonds |
3.68 |
4.02 |
–0.18 |
–0.34 |
0.17 |
0.33 |
0.38 |
0.61 |
|
5-year government bonds |
3.96 |
4.67 |
0.47 |
–0.12 |
0.39 |
0.53 |
0.59 |
0.84 |
|
10-year government bonds |
4.49 |
5.35 |
1.72 |
0.40 |
0.65 |
0.75 |
0.80 |
1.10 |
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Risk premium |
19 |
353 |
147 |
67 |
95 |
90 |
80 |
70 |
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EXCHANGE RATES |
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EUR/USD (dollars per euro) |
1.13 |
1.29 |
1.14 |
1.11 |
1.18 |
1.20 |
1.22 |
1.24 |
|
EUR/JPY (yen per euro) |
129.50 |
126.40 |
127.89 |
121.40 |
125.40 |
128.40 |
130.54 |
127.72 |
|
USD/JPY (yen per dollar) |
115.34 |
98.97 |
112.38 |
109.25 |
106.27 |
107.00 |
107.00 |
103.00 |
|
EUR/GBP (pounds per euro) |
0.66 |
0.83 |
0.90 |
0.85 |
0.91 |
0.91 |
0.90 |
0.93 |
|
USD/GBP (pounds per dollar) |
0.59 |
0.64 |
0.79 |
0.76 |
0.77 |
0.76 |
0.74 |
0.75 |
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OIL PRICE |
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Brent ($/barrel) |
42.3 |
82.5 |
57.7 |
65.2 |
42.0 |
55.0 |
60.0 |
62.0 |
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Brent (euros/barrel) |
36.4 |
63.2 |
50.7 |
58.6 |
35.6 |
45.8 |
49.2 |
50.0 |
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