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
December 2024
According to the updated OECD outlook, the global economy will grow by 3.2% this year, with the growth rate expected to pick up slightly to 3.3% next year, close to the IMF’s outlook. Further details are provided in the December issue, with a chart illustrating the surge in the bitcoin price this year. Bitcoin surpassed the magical USD 100,000 mark in December, and was mentioned as a speculative asset by Fed Chair Jerome Powell in early December. The thematic analysis focuses on the alignment of individual parts of the financial market of selected euro candidates compared to the euro area, and how this alignment has been affected by the crises of the past two decades. Details (pdf, 1.5 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.