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The European Central Bank (ECB) released its Survey of Professional Forecasters for Q2 2016 on Friday. Forecasters cut their inflation forecasts. Eurozone's inflation is expected to be 0.3% in 2016, down from January estimate of 0.7%, 1.3% in 2017, down from January estimate of 1.4%, and 1.6% in 2018, unchanged from January estimate.
Long-term inflation forecasts (for 2020) remained unchanged at 1.8%.
The economic growth in the Eurozone is expected to expand 1.5% this year, down from January estimate of 1.7%, 1.6% next year, down from January estimate of 1.8%, and 1.7% in 2018, unchanged from January estimate.
Long-term growth forecasts (for 2020) remained unchanged at 1.7%.
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