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27 December 201910.50 December macroeconomic projections slightly down for the euro area. GDP growth will be 1.2% in 2019, 1.1% in 2020 and 1.4% in 2021 and 2022. This is learned from the ECB Bulletin. Weak international trade and global uncertainties weigh on manufacturing in the euro area and hold back investment. The inflation rate estimates have been corrected slightly upwards: to 1.2% in 2019, to 1.1% in 2020, to 1.4% in 2021 and to 1.6% in 2022.