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
August 2024
The world economy is expected to maintain growth of 3.3% this year, with advanced economies maintaining 1.7% growth, according to a summer update to the IMF forecast. More details can be found in the August issue of GEO. The chart in the issue illustrates growth in prices of sea transport. Although the current figures indicate their stagnation after an increase this spring, prices are significantly higher from the perspective of the long-term average. The thematic analysis focuses on blockchain use cases outside of digital currencies. It points out that although the blockchain topic is very closely related and understood by the public in connection with cryptoassets, this technology has a much wider use in other areas. Details (pdf, 1.1 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.