Frankfurt (Germany), Aug 14 (EFE) .- The experts consulted by the European Central Bank ( ECB ) have been revised Low your predictions for growth of the euro area for 2014 one tenth to 1%, and keep figures for 2015 and 2016.
In its August monthly newsletter , published today, the ECB announced the results of the survey conducted in the third quarter to 59 experts from 17 to 24 July.
Experts now expect gross domestic product (GDP) euro area in 2014 of 1%, one tenth less than in May forecasts. They also maintain the GDP growth forecast at 1.5% for 2015 and 1.7% for 2016.
The experts considered the major risks to growth are “the impact of stress geopolitical Ukraine and the Middle East, as well as lower than expected in China and USA “external demand.
In addition, experts have revised down two tenths inflation forecasts for the euro area for this year to 0.7%, and a tenth for next year to 1.2%. Keep inflation forecasts for 2015 at 1.5%, as in the previous survey.
In addition, the experts consulted by the ECB have revised down their forecasts for unemployment for the euro area 2014, 2015 and 2016 foresee an unemployment rate in the euro area in 2014 from 11.6% in 2015 from 11.3% in 2016 and 10.8 in the three cases, two tenths less than in the survey May.
The inflation rate in the euro area in July stood at 0.4%, which is far from the objective of the ECB is to keep inflation rates at lower levels, although close to 2% over the medium term.
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