Ministry of Finance predicts economy will drop 5.1%

Published: 25.03.2020 Related countries:  Czech Republic Czech Republic

The Ministry of Finance predicts a year-on-year decline in GDP of 5.1%

The Ministry of Finance (MF) predicts in its new macroeconomic outlook for 2020 a year-on-year decline in GDP of 5.1%. It also anticipates unemployment to rise to 3.3%. The ministry also said that if the COVID-19 outbreak can be managed in Q2 2020, it expects economic activity to recover in H2 2020.

Source: ČIA

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