RB: CZK 660bn must be invested in economy’s restart

Published: 13.08.2020 Related countries:  Egypt Egypt

Raiffeisenbank expects in the Czech republic a return to the pre - COVID level during 2022.

To return to the previous trajectory of investment growth in the Czech Republic, it will be necessary to invest at least CZK 660bn. This stems from a survey by Raiffeisenbank (RB). Private as well as public investment should flow e.g. into robotics, digitization, infrastructure and rental housing. According to the analysis, COVID-19 will erase three to four years of growth, while the economy will reach the level of 2016. RB expects a return to the pre-COVID level during 2022. At the end of 2020, the bank expects unemployment below 5% (i.e. less than 360,000 persons).

Source: CIA News
Prepared by the team of CzechTrade Cairo