16 November 2000 Publication of staff economic projections

The risks to these projections were , however , increasingly on the downside , given the international economic outlook .

Determinants of international business cycle synchronisation An important feature of the slowdown in the world economy in 2001 was the high degree of synchronisation across the major economies . More synchronised business cycles are important factors in economic forecasts and policy making .

Economic forecasting is necessarily imprecise too many things happen for forecasters to be able to foresee all of them.

In view of the prevailing exceptional economic and financial circumstances , the uncertainty surrounding the projections is larger than usual at the current juncture .

Third , economic projections can only provide a summary description of the economy and thus do not incorporate all relevant information . In particular , important information , such as that contained in

For example , the President mentioned the publication of the staff economic projections , which had come about as a result of a request from the European Parliament .

At today 's meeting the Governing Council of the ECB decided to publish Staff Economic Projections for the euro area .

In view of the prevailing exceptional economic and financial circumstances , the uncertainty surrounding the projections is larger than usual at the current juncture .

Now, back to my projections.

High detail for enhanced projections

These issues are dealt with in detail in the relevant chapters of this Annual Report . However , they are also mentioned in brief below in order to give an overview of the communication

1 ) European Commission projections .

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And you have to have rational projections and stuff.

They do models and create projections, and invest.

In the view of the Governing Council , the ranges presented serve as a good reminder of the general uncertainty surrounding economic projections , which it is worthwhile emphasising given the current volatility in the financial markets .

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Instituto de Investigaciones Económicas.

Structural and economic reasons

Social and economic demands

These unit labour cost pressures are , however , projected to be broadly offset in 2008 by movements in profit margins , in line with the weaker economic outlook .

Investigaciones Económicas ( Econlit , 1990 1994 )

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Subject Economic relations between the European Community and China

This assessment is in line with available forecasts and projections .

Table 1 Macroeconomic projections ( average annual percentage changes ) 1 )

The price projections are conditional on a number of assumptions .

Risks to these projections are broadly balanced .

Comparison of macroeconomic projections ( average annual percentage changes )

Table 1 Macroeconomic projections for the euro area ( average annual percentage changes ) 1 ) 2 )

ECB Eurosystem staff macroeconomic projections for the euro area June 2008

4 ECB Eurosystem staff macroeconomic projections for the euro area June 2008

The price projections are conditional also on a number of other factors .

ECB Eurosystem staff macroeconomic projections for the euro area December 2008

We have these models and projections, and we have to invest accordingly.

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The economic consequences are almost unthinkable.

Box A Comparison with the December 2003 projections The projections for euro area GDP growth have remained almost unchanged compared with the Eurosystem staff macroeconomic projections published in the Monthly Bulletin in December 2003 .

Degree in Economics , Universidad Complutense , Madrid

PhD in Economics , Universidad Complutense , Madrid