Czech Republic expects 3.9% GDP growth in 2018

Published: 10.05.2018 Related countries:  Indonesia Indonesia

Central Bank of the Czech Republic predicts solid growth of GDP 3.9% in 2018, slow-down from 4.6% reached in 2017

The annual growth in the real GDP will reach 3.9% in 2018. In 2019 the economic growth will slow down to 3.4%. This is expected by the Czech National Bank (ČNB). The central bank’s inflation forecast for the April-June 2018 period equalled 1.9% for all three months. At the monetary policy horizon, the year-on-year increase in the consumer price index will likely reach 1.7% in Q2 2019 and 1.8% in Q3 2019.

Last year 2017 was y/y growth 4.6% which was the best Czech economic performance in past 5 years, as GDP annual growth in 2016 reached 2.3%, in 2015 was GDP 4.3%, in 2014 equalled GDP 2.0% and in 2013 was negative GDP -0.9%.

Source: ČIANEWS, Czech Statistical Office