CNB – Global Economic Outlook, Sep 2024

The September 2024 Global Economic Outlook by the Czech National Bank (CNB) presents key trends impacting major economies, focusing on inflation, interest rates, and growth forecasts. This report highlights economic developments across the euro area, the U.S., and key global economies. For the euro area, the report discusses subdued growth with slight improvement in consumer spending due to wage increases, though business investment remains weak. The report also addresses inflation stabilization within the ECB’s target. In the U.S., economic resilience continues with expected interest rate adjustments, while China faces reduced growth prospects amid a struggling property market. The CNB emphasizes that, despite challenges, gradual recovery is expected in 2025, especially in advanced economies supported by adjusted monetary policies and controlled inflation.