ECB staff macroeconomic projections for the euro area, March 2022

You will find here https://www.ecb.europa.eu/pub/projections/html/ecb.projections202203_ec…, the ECB staff macroeconomic projections for the euro area, March 2022.

The outlook for euro area activity and inflation has become very uncertain and depends crucially on how the Russian war in Ukraine unfolds, on the impact of current sanctions and on possible further measures. The baseline includes an initial assessment of the impact of the war on the euro area economy based on the information available up to 2 March 2022.
The baseline projections are built on the assumptions that current disruptions to energy supplies and negative impacts on confidence linked to the conflict are temporary and that global supply chains are not significantly affected.