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Survey of macroeconomic forecasts - May 2010

Macroeconomic frameworks of the State Budget and Budgetary Outlook and MoF forecasts are regularly compared with results of macroeconomic indicators survey among important relevant institutions (the so-called Colloquium), last round of which took place in May 2010. Outcomes of the 29th round of survey are based on forecasts of 15 domestic institutions (Cyrrus, CNB, Česká spořitelna, ČSOB, Czech Chamber of Commerce, Komerční banka, MoF, Ministry of Labour and Social Affairs, Patria, PPF, Raiffeisen, Union of Czech and Moravian Production Co-operatives, UniCredit, Wood & Company). To make the survey more representative, forecasts of two international institutions were added (European Commission, IMF).

The Colloquium’s aim was to get an idea on opinions regarding assumed development of our economy and to assess jointly key tendencies within the horizon of years 2010 through 2013, with years 2012 and 2013 seen as indicative outlook. The key indicators and current MoF forecast are summed up in Tables 1 and 2.

In general it can be summed up that, with minor exceptions, MoF forecasts do not differ considerably from average of other institutions’ forecasts.

  • Source: MF - Survey of macroeconomic forecasts - May 2010, published 05/2010, for download in PDF format