OECD: GDP to slow down to 3.2%; inflation above 2%

Published: 17.07.2018 Related countries:  Israel Israel

The slowdown will be caused primarily by the limited labour market.

The Organisation for Economic Co-operation and Development (OECD) estimated that the growth in Czech GDP will slow down to 3.2% in 2019. It will reach 3.8% in 2018 after reaching 4.6% in 2017. The slowdown will be caused primarily by the limited labour market. A growth in wages and employment will maintain the high consumption of households and domestic demand. These factors will fix the annual inflation above the target of 2% determined by the Czech National Bank. The OECD economic overview was published by the Ministry of Finance of the Czech Republic.
Source: https://www.cianews.cz/gift