The June issue of Global Economic Outlook presents the regular monthly overview of recent and expected developments in selected territories. The analytical part of this issue assesses the forecasts presented in this publication during 2021. The analysis shows that, probably due to the initial shock of the Covid pandemic, outlooks for GDP growth tended to be pessimistic (lower than actual growth) and inflation was also underestimated.
Transcript of the questions and answers from the press conference
Statement of the Bank Board and presentation for the press conference
The CNB is changing its approach to answering the queries of professional financial market participants (“professional queries”). As of the start of July 2022, instead of the current practice of sending answers directly to individual enquirers, the CNB will typically answer these professional queries by publishing a general opinion (generalised answer) on its website. Answering the query will therefore be conditional on the enquirer’s consent to the possible publication of both the query and the answer.
In his article, Róbert Ambriško attempts to comprehensively assess the ability of fiscal data for nowcasting macroeconomic variables. He proposes employing a suitable method of utilising daily data to further improve the predictions of monthly nowcasting models.
On 16 June 2022, the CNB Bank Board took note that Executive Director of the General Secretariat Jana Báčová resigned from her office as of 30 June 2022, following almost thirty years at the CNB. As of the same day, Markéta Fišerová resigned from the position of Director of the Communications Division of the General Secretariat, which she held from 2018.