Economy Growth in the CZ remaining

Published: 05.03.2020 Related countries:  India India

ČNB: Growth in Czech economy to remain attenuated

 

 

 

The Coronavirus poses a significant downward risk for the

 

development of the economy, while uncertainties related with trade

 

wars and the Brexit are reduced. This was stated by Czech National

 

bank (ČNB) Bank Board member Tomáš Holub at a conference on

 

the expected development of the segment of power industry in the

 

Czech Republic and Central Europe. According to ČNB’s prediction,

 

the growth in the Czech economy will remain attenuated in next

 

quarters to come and then it will start accelerating depending on the

 

recovery of the external demand. The economic activity in the euro

 

area also slowed down at the beginning of 2020, however, its

 

gradual acceleration is expected in the future.

 

Source: www.cianews.cz

Zpracoval kolektiv pracovníků zahraniční kanceláře agentury CzechTrade Bangalore.