The current inflationary pressure is likely to be temporary and its short-term impact should represent a positive driver for the listed real estate industry in Europe.

The forecast for inflation has been considerably revised upwards compared to the Autumn Forecast.

Growth in 2022 is forecast to be driven by investment.

In 2023, GDP per head will be 2.6% higher in less developed regions due to support from cohesion policy in 2014–2020.

Prices in total industry excluding energy increased by 0.6%.