Ministry of Finance: GDP growth to slow down to 2.5% in 2019

Published: 31.01.2019 Related countries:  U.S.A. U.S.A.

In 2019 the growth dynamics of the Czech Republic's real GDP will slow down

In 2019, the growth dynamics of the Czech Republic's real GDP will slow down to 2.5% from 2.8% expected in 2018. In 2020, the local economy will increase 2.4%, according to the macroeconomic prediction of the Ministry of Finance (MF). Positive factors will include household consumption reflecting a strong wage rise amid low unemployment. Investments in fixed assets will have a positive impact, as well. Inflation is expected to remain within the tolerance limits of the central bank's target at around 2%. The ministry estimates that the unemployment rate dropped to 2.3% in 2018 and the space for any subsequent decreases is almost exhausted. The ministry predicts unemployment at 2.2% in 2019 and 2020.

Source: www.cianews.cz

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