GDP of the Czech Republic to add 4.3%; inflation to reach 2.7%

Published: 01.10.2017 Related countries:  United Arab Emirates United Arab Emirates

The Economy of the Czech Republic is under good conditions. The Prognosis for 2018 is good also

In 2017, the Czech Republic´s economy will grow by 4.3% compared to 2016. In 2018, the pace of growth is expected to slow down to 3.4%, according to the macroeconomic prognosis of Raiffeisenbank (RB). The economy is still driven by the local and international demand. The share of investments in GDP will grow, as well. The inflation rate will be at 2.7% at the end of 2017. The pace of consumer price growth will go down to 2.0% in 2018. Industrial output will rise by 5.2% in 2017 and by 4.0% in 2018. The share of the unemployed in the age group of 15-64 years will be at 4.4% at the end of 2017 and at 4.2% in 2018. RB analysts also expect the Czech National Bank´s repo rate to be at 0.21% on average in 2017 and at 0.80% in 2018.