Analysis
Read expert studies and texts on current trends to help you quickly navigate the latest macroeconomic data
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Macro comment
State budget in January-June: on track for full-year deficit of around CZK 250 billion
The state budget ended with a deficit of CZK 178.6 billion in January-June. This is an improvement of CZK 36.7 billion year-on-year. Expenditure is stagnating year-on-year, as there is no longer a need to pay support due to high energy prices. In contrast, tax revenue is up by 8.6% year-on-year.
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Macro comment
PMI in June: continued decline in manufacturing
Business conditions were below the neutral value of 50 points in June for the twenty-fifth month in a row, indicating a decline in business activity.
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Macro comment
CNB: Continuation of rapid monetary easing
This time it was more of a toss-up. Since the last interest rate change, two options for the next course of action have been considered in the financial markets and in the communications of the board members: slowing down and cutting interest rates by 25 basis points and continuing the pace of cuts by 50 basis points. The second option was preferred.
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Deloitte Economics Newsletter
DLook Newsletter: 17 - 21 June 2024
Everything you need to know about the economy at home and around the world in 10 minutes of reading.
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Deloitte Economics Newsletter
DLook Newsletter: 10 - 14 June 2024
Everything you need to know about the economy at home and around the world in 10 minutes of reading.
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