The chief economists of the banks represented in the
forecasting panel of the Czech Banking Association (ČBA) expect the Czech
economy to grow by 3.4% in 2021. For 2022, they estimate growth of 4.5%. Most
of the risks associated with the weaker-than-expected pace are related to
uncertainty about the further development of COVID-19 and its economic impacts,
which so far include disruptions in the supply of some components from
overseas. Economists predict average unemployment at 4% in 2021, which should
then fall to 3.6% in 2022.
Source: Daily news | ČIA news
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