# ECB staff macroeconomic projections for the euro area, March 2024

> The ECB's March 2024 staff projections cut 2024 euro-area GDP growth to 0.6% and forecast a gradual pickup in 2025 and 2026. Inflation is projected to ease, and Red Sea shipping disruptions are expected to have only limited effects.

- Date: 2024-04-01 · published 2024-04-01T12:00:00.000Z
- Category: report · region Euro area · magnitude low
- Page: https://feedsoft.ai/events/31425-ecb-staff-macroeconomic-projections-for-the-euro-area-march-2024
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Slower euro-area growth and easing inflation support the case for ECB rate cuts, which weaken the euro and can lift dollar-priced feed costs for European buyers.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-02-28 | [Euro Area's Feb economic sentiment weakens, EUR/USD falls](https://feedsoft.ai/events/31886-euro-area-s-feb-economic-sentiment-weakens-eur-usd-falls.md) | +0.0% | -0.3% |
| EURUSD | 2019-01-31 | [Euro-to-Dollar Rate: Economic Data Suggests There Could Be More Bad News to Come](https://feedsoft.ai/events/61306-euro-to-dollar-rate-economic-data-suggests-there-could-be-more-bad-news-to-come.md) | -0.3% | -0.4% |
| EURUSD | 2025-01-30 | [Euro zone GDP Q4 2024](https://feedsoft.ai/events/26729-euro-zone-gdp-q4-2024.md) | +0.0% | -0.0% |
| EURUSD | 2019-02-19 | [The Euro Thumbs Nose at Recovering Business Confidence as Details Show Economy Still Deteriorating](https://feedsoft.ai/events/60823-the-euro-thumbs-nose-at-recovering-business-confidence-as-details-show-economy.md) | +0.9% | +0.7% |
| EURUSD | 2026-06-25 | [Euro stabilizes near 13-month lows against the US Dollar after in-line US inflation data](https://feedsoft.ai/events/19034-euro-stabilizes-near-13-month-lows-against-the-us-dollar-after-in-line-us.md) | +0.3% | +0.2% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/projections/html/ecb.projections202403_ecbstaff~f2f2d34d5a.en.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.