The GDP in the Czech Republic will grow 2.57% in 2022 but will drop 1.08% in 2023, according to a forecast published by Deloitte. The unemployment rate dropped year on year from 2.87% to 2.30% this year and will increase slightly to 2.34% next year. Consumer prices that grew 16.11% this year will grow only 9.64% next year. The average wage increased by 5.47% in 2022 and will grow by 3.10% in 2023.

Source: ČIA news

Prepared by Anastasiya Gluhov - CzechTrade Israel