- The exact impact of omicron is very uncertain
- Supply bottlenecks, rising commodity prices and the spread of omicron continue to weigh on near-term global growth prospects
- Eurozone growth is slowing but is expected to pick up sharply during this year
- The risks to the economic outlook are broadly balanced
- Full report
There is nothing that stands out here at first glance and that is what you would expect from the ECB at the moment. Even as the price pressures increase, they’re still looking to stay cool for as long as they can get away with it.