Czech economy will grow by 2.6% in 2021 and 3.5% in 2022. This is predicted
by the International Monetary Fund (IMF), adding that pent-up demand will
continue to boost private consumption. In
addition, public consumption will fall as support measures are withdrawn.
At the same time, the IMF expects unemployment to remain low, wages to continue
to rise and exports to recover. Inflation is expected to remain elevated in
2022 on account of overheating in the labour and housing markets. External
factors will include supply chain disruptions and high energy prices.
Source: Daily news | ČIA news
Czech Trade and Czech Invest Sydney