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.