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
September 2024
September is the month of meetings for all key central banks – the ECB, the Fed, the BoE and the BoJ. While the first two eased their monetary policy, the latter two left theirs unchanged in September. More details can be found in the September issue of GEO. The chart in the issue illustrates the evolution of gas prices for industrial customers across various regions around the world. Gas prices have a huge impact on the competitiveness of individual economies. It is clear that industry in Europe is significantly worse off than in the USA. The thematic analysis focuses on green transformation and the importance of “critical materials”, which are an essential part of the clean energy transition. 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.