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
July 2024
In the opinion of the Bank for International Settlements (BIS), the world economy is on the right track to a “soft landing”. BIS data also show that some central banks were still tightening their monetary policy at the beginning of this year. However, there has been no rate hike in the last two months, as illustrated by the chart in the July issue. The thematic analysis focuses on the dichotomy of real economic developments in the euro area, due to the exceptional vulnerability of the German growth model and the combination of specific shocks that have hit the European economy particularly hard in recent years. 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.