Czech National Bank expects GDP growth

Published: 10.05.2021 Related countries:  India India

Robust GDP growth in 2H 2021 is expected by CNB.

ČNB expects robust GDP growth in 2H 2021 Annual GDP growth will strengthen to 6% in the short term in 2Q 2021, but this will be mainly due to a low comparative base. This is expected by the Czech National Bank (ČNB) with the view that the domestic economy will breathe into robust and sustained growth only with a more significant lifting of anti-epidemic measures during 2H 2021. According to ČNB, exports of Czech companies will return to dynamic growth thanks to the resolution of current problems in industry and international trade, as well as the gradual recovery of foreign demand. Overall, the GDP dynamic is projected to slightly exceed 1% in 2021 and then accelerate above 4% in 2022.


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