Respondents expected real GDP growth of 1.0% in 2026 and 1.3% in both 2027 and 2028. Expectations were revised up by 0.4 percentage points for 2026 and by 0.1 percentage points for 2027 compared with the previous survey and were unchanged for 2028. Longer-term growth expectations (for 2031) were revised up by 0.1 percentage points to 1.3%. For real GDP growth, the balance of risks was tilted somewhat to the downside for all horizons.
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