Global Economic Outlook

Global Economic Outlook each quarter summarises the forecasts and outlooks of international institutions and selected central banks for the euro area, Germany, the USA, China, the United Kingdom, Japan, Russia, Poland and Hungary. It also provides an overview of the latest monetary policy developments in these territories. Each issue additionally analyses a selected topic significantly affecting the world economy or having an academic subtext. Central Bank Monitoring will be incorporated into Global Economic Outlook starting from 2025.

GEO
January 2025
According to the new IMF forecast, the global economy will grow by 3.3% this year and the next, below the historical average of 3.7% (2000–2019). Further details are provided in the January GEO, with the chart in this issue illustrating uncertainty in international trade policy, which is at all-time highs and stems mainly from concerns about the future configuration of trade relationships with the USA. The thematic analysis issue looks at property market trends in selected European countries from the start of the new millennium, coupled with a simple view of property price misalignment. Details (pdf, 1.4 MB)

2025

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.