Mohammed Chahad

Mar 21, 2024 | ecb.europa.eu | Martinez Hernandez |Catalina Hernandez |Mohammed Chahad |Adrian Page

Published as part of the ECB Economic Bulletin, Issue 2/2024. Forecasting inflation has been extremely challenging in recent years given the large shocks hitting the euro area economy. The extraordinary series of shocks seen post-2019 – including the coronavirus (COVID-19) pandemic and Russia’s war against Ukraine – led to a surge in inflation.