ČNB: Analysts predict inflation of 2.3%

Published: 08.01.2020 Related countries:  India India

Inflation in the Czech Republic estimated for 2020 at level of 2.3 %

 

The prediction of inflation in the Czech Republic reaches 2.3% at

 

a one-year horizon. This stems from a December survey among

 

analysts published by the Czech National Bank (ČNB). The

 

economists predict a growth in consumer prices by 2.0% in their

 

three-year outlook. Lower import prices may affect the pace of

 

growth of the domestic price level. The respondents also think that

 

the GDP growth will reach 2.5% for 2019 and 2.1% for 2020. No

 

dramatic economic downturn is foreseen over the next year, as the

 

German economy is expected to recover gradually. According to the

 

majority of the respondents, ČNB rates will remain on their current

 

levels in the years 2020.

Source: www.cianews.cz

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