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.



Zpracoval kolektiv pracovníků zahraniční kanceláře agentury CzechTrade Bangalore.