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
February 2024
The European Commission lowered the growth outlook for the euro area this year to 0.5% in its winter forecast. The OECD expects 0.6%, while the IMF is the most optimistic with 0.9%. Further details can be found in the February GEO issue. The chart in the issue illustrates how climate change is affecting sea temperatures – records dating back at least 40 years having been falling since last year. Our thematic analysis focuses on 22 inflation-targeting central banks. It compares the forecasting and analytical tools and processes they apply when making monetary policy, using data obtained from a questionnaire survey conducted by the CNB in the second half of 2023. Details (pdf, 1.4 MB)

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.