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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CZECHIA
- On Friday, Finance Ministry published the new economic forecasts for 2022 and 2023:
- *CZECH FINANCE MINISTRY SEES 2022 INFLATION 16.2%, 2023 AT 8.8%
- *CZECH FINANCE MINISTRY SEES 2022 GDP GROWTH 2.2%, 2023 AT 1.1% (bbg)
- FinMin expects a 'slight' technical recession in H2 and sticks with its plan to cut public finance deficit below the 3% (of GDP) level by the end of its term in 2025.
- We have seen that leading economic indicators have been pricing in a more pronounced recession in the coming 6 to 9 months.
- For instance, consumer confidence has been constantly testing new lows in the current environment, falling to -33 in July, its lowest level since 1999 (see chart).
- Next economic data to watch will be consumer confidence, coming out on August 24.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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