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European Central Bank (ECB) Governing Council member Philip R. Lane stated that the latest September projections indicate a 7.0% increase in Eurozone competitor export prices by 2026, a significant upward revision of 5.4 percentage points from the December forecast.
In a speech on September 11, European Central Bank (ECB) Executive Board member Philip R. Lane unveiled the ECB's latest September projections. The data shows that euro area competitor export prices are expected to rise by 7.0% in 2026, a significant upward revision of 5.4 percentage points from the December forecast. Additionally, global (excluding the euro area) GDP growth is projected to be 3.1% in 2026, with euro area external demand expected to grow by 3.6%.
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