A Wide Range of Opinions and Predictions - What Tools Can We Use to Beat Inflation and What Level of
POSITIV 3/2022 ǀ 71
HR
Franšek Michalovích
Vedoucí prodeje ARTS Asset Management
Head of sales ARTS Asset Management
Porazit tak vysokú infláciu je náročná úloha, ale vieme
ju zmierňovať. Základom je nevychádzať zo svojich
zásad, zostať vo svojom horizonte a pozerať sa na ten
dlhodobý cieľ a nie na krátkodobé okná, ktoré v ko-
nečnom dôsledku nebudú mať vplyv ako akákoľvek
iná turbulencia na trhoch. Stále najväčší nepriateľ sú
emócie, ktoré sú viac irelevantné ako racionálne. Jed-
nou z mojich zásad je nepredikovať. Nebyť ani pesimi-
sta a strašiť ľudí ale ani rozdávať nádeje. Nemyslím že
inflácia bude takto extrémna, ale rovnako ani nepočí-
tam že čarovne odíde.
Beating such high inflation is a difficult task, but we
can mitigate it. The key is not to get away from our
principles, to stay within our horizon and to look at
that long-term goal, not at short-term windows that
will ultimately not have the same impact as any other
turbulence in the markets. Still the biggest enemy here
is emotion, which is more irrelevant than rational.
One of my principles is not to predict, and not to be
a pessimist and scare people, but also not to give away
hope. I don’t think inflation will be this extreme, but
I don’t expect it to magically go away either.
Vít Hradil
Hlavní ekonom společnos CYRRUS
Chief Economist of CYRRUS
Očekáváme, že inflace bude na počátku roku 2023 na-
dále rozbouřená a pravděpodobně se udrží nad 15 %.
V průběhu roku by pak měla slábnout, i když zdražování
sice bude pokračovat, ovšem ve srovnání s letoškem již
výrazně pomalejším tempem a do meziročního srovnání
začne vstupovat „drahý“ rok 2022. Koncem roku 2023 by
se tak inflace měla snížit do okolí 5 % a v průměru za celý
rok dosáhnout přibližně 9 %.
We expect inflation to remain turbulent in early 2023
and probably remain above 15%. It should then weaken
as the year progresses and as price increases continue.
However, it will be at a much slower pace compared to
this year, and as the “expensive” year of 2022 starts to
enter the year-on-year comparison. By the end of 2023,
inflation should thus fall to around 5% and average around
9% for the year as a whole.
Text: redakce
Foto: archiv Colours of Finance
A Wide Range of Opinions and Predicons
What Tools Can We Use to Beat Inaon and What
Level of Inaon Do You Expect in 2023?
The established Colors of Finance conference is coming up. This year‘s 5
th
edion will take place
on 12.10.2022 in the industrial auditorium Gong in Ostrava - Vitkovice. On that occasion, we
interviewed keynote speakers from the ranks of economists, investment analysts and broker pool
directors, who will speak in the panel discussions ‘The money killer called inaon’ and ‘Exisng
clients are more than gold’. We asked them a relevant and somewhat tricky queson.