Inflation expectations unchanged across all horizons; longer-term inflation expectations (for 2028) stand at 2.0% Real GDP growth expectations broadly unchanged; economic activity expected to strengthen gradually throughout 2024 Unemployment rate expectations largely unchanged In the ECB’s Survey of Professional Forecasters (SPF) for the second quarter of 2024, respondents expectations for headline inflation, as measured in terms of the Harmonised Index of Consumer Prices (HICP), were unchanged across all horizons. Headline HICP inflation was expected to decline from 2.4% in 2024 to 2.0% in both 2025 and 2026. ... (full story)