Czech Prognosis

Published: 24.02.2020 Related countries:  Egypt Egypt

EU and Czech Prognosis

  Czech Economical Prediction

The European Commission is also expecting a slowdown in economic growth in the Czech Republic from 2.4% last year to 2.1% in 2020. It expects growth to pick up to 2.2% next year. In its previous outlook in November, the commission expected this year's growth to reach 2.2% and next year 2.1%. This year and the next, the Commission expects a slight slowdown in private consumption growth as a result of weaker wage growth. Export growth should slow again this year, but should pick up again next year. According to the commission, inflation should fall to 2.4% this year (from 2.6% last year). Next year it should go down to two percent, which is the inflation target of the Czech National Bank.

Source: iDNES, MPO