economics

ECB Survey of Professional Forecasters - 2021 Q3

In the latest survey round, respondents revised up their GDP forecasts across horizons, in the light of the widespread easing of Covid-19 containment measures.

The semiconductor shortage and its implication for euro area trade, production and prices

The surge in global demand for – and limited supply of – semiconductors during the recent economic recovery has led to bottlenecks for manufacturing firms. Although chip shortages pose constraints for several producers in Europe, so far there is very limited evidence concerning the effects of semiconductor shortages on price developments along the pricing chain.