GDP growth to slow to roughly 2.7 % in 2019

Published: 31.12.2018 Related countries:  China China

Some experts expects marginal slowdown for the Czech Economy in 2019.

In 2019 the growth rate of the economy will further slow down to 2.6 to 2.8 %. The weaker result will according to CZECH FUND chief economist Lukáš Kovanda be owed to the loss of the dynamic of industry and the deteriorating sentiment of consumers. ING Bank chief economist for ČR Jakub Seidler thinks that the automotive sector has exhausted its space for further double-digit growth and that services will continue to drive the economy. BH Securities chief economist Štěpán Křeček stated that primarily household consumption, which will increase thanks to growing salaries, will support the economy. Raiffeisenbank analyst František Táborský predicts a slight slowdown in the growth rate of government expenditures and private investments. He also expects a negative contribution of foreign trade caused by the faster increase in the import of goods.