The European Central Bank has published its economic outlook for the euro area, including projections for GDP, inflation, energy prices, exchange rates, and fiscal policies as of September 2026.
The European Central Bank (ECB) has released its economic outlook for the euro area as of September 2026. The report includes projections for real GDP growth, inflation, energy commodity prices, exchange rates, and fiscal policy measures.
Key highlights include projections for annual GDP growth rates, inflation developments, energy prices, and exchange rate movements based on market expectations and scenario analyses. The outlook also covers fiscal policy adjustments, government consumption, investment, and risks associated with energy shocks and geopolitical conflicts.
The projections incorporate assumptions on oil and gas prices, energy commodity indices, and exchange rates, with cut-off dates of August and September 2026. The report emphasizes the impact of energy prices on inflation and economic growth, and presents scenarios for adverse, milder, and severe energy shocks.
Further details and technical assumptions are available in the full ECB report at ECB outlook report September 2026.
