ČNB: GDP growth to reach 2.6%, CZK will appreciate

Published: 09.08.2019 Related countries:  India India

The growth of the Czech economy has been suistainable.

 

The Czech economy will grow by 2.6% this year and slightly accelerate to close to the pace of potential output growth over the next two years. The information was provided by the Czech National Bank (ČNB). The central bank also expects a gradual appreciation of the koruna. The forecast path of the exchange rate takes into account its broad stability since 2018 Q2. The forecast expects the koruna to appreciate slightly to CZK 25.4 against the euro in 2019 Q3. Consistent with the forecast is a modest rise in domestic market interest rates initially, followed by a decline in 2020.
 
Source: ČIA