FinMin predicts GDP will grow 2.4% in 2019 and 2020

Published: 09.07.2019 Related countries:  United Arab Emirates United Arab Emirates

Czech economy is expected to grow around 2.4% between 2019 and 2020. The Ministry of Finance assumes that GDP growth will be driven exclusively by domestic demand

Private consumption will grow by 2.8% in 2020 and corporate and public investment by 2.7%. The Czech Republic's economic growth should be higher than in the euro area, which should lead to a continuing increase in the Czech Republic's relative economic level. The ministry predicts that the medium-term tendency to of strengthening exchange rate and above-average wage and salary dynamics should be reflected in an increase in the comparative price level. However, in terms of price competitiveness of the Czech economy, the expected increase might not be problematic