Global Economic Outlook

Global Economic Outlook aims to pool information about the latest predictions and outlooks of international institutions, selected central banks and Consensus Economics for the euro area, Germany, the USA, the United Kingdom, Japan, China and Russia. Each issue also analyses a selected topic significantly affecting the world economy or having an academic subtext.

GEO
June 2024
The end of spring 2024 brought the first monetary policy easing by key central banks – with the Bank of Canada and the ECB lowering rates – but according to statements by central bankers, the easing of monetary policy will be more gradual. The chart for June shows the World Bank’s outlook, which expects growth of the world economy to maintain a pace of below 3%. Additional details are provided in the June issue of GEO, which features a thematic analysis assessing the forecasts of international institutions included in GEO in 2023 and their success. The good news is that 2023 was marked by a return to macroeconomic stabilisation after the turbulent 2022. Details (pdf, 2.1 MB)

2024

Unless indicated otherwise, the presented data1) are taken from the official forecasts of Consensus Forecasts (CF), the International Monetary Fund (IMF), the Organisation for Economic Co-operation and Development (OECD), the European Central Bank (ECB), Deutsche Bundesbank (DBB), the Federal Reserve System (Fed), the Bank of England (BoE), the Bank of Japan (BoJ) and the Economist Intelligence Unit (EIU).

1) The CNB’s External Economic Relations Division guarantees that these data are up-to-date, but cannot vouch for their correctness and quality.