EC expects Czech economy to grow in coming period
Wednesday, November 9, 2016 | ČIANEWS
The European Commission (EC) expects a positive development in the Czech Republic in 2017. The economic growth is expected to accelerate from 2.2% in 2016 to 2.6%. In 2018, the year-on-year rise is estimated at 2.7%. Next year, the inflation rate is expected at 1.2% compared to this year’s 0.5% as a result of the growing pressure on wages. Inflation will not exceed the central bank’s two-percent inflation target by 2018. Unemployment is expected to remain low and the Czech Republic is likely to remain one of the countries with the lowest level in the EU. Gross public debt is expected to drop from this year’s 39.7% of GDP to 38.5% of GDP in 2018.