MF: GDP will drop 2.2%, inflation will grow to 3.2%

Published: 07.04.2020 Related countries:  India India

Czech Republic expects decline od GDP in 2020

 

 

 

 

The Czech Ministry of Finance (MF) expects real gross domestic

 

product (GDP) to decline by 5.6% and nominal GDP by 2.2%. Foreign

 

trade and fixed capital investment are likely to decrease the most.

 

Household consumption should also be lower (-1.5%). Starting from

 

H2 2020, economic activity is expected to recover. The ministry

 

anticipates a general government deficit of 4.1% of GDP. The

 

inflation forecast for 2020 is 3.2% and for 2021 1.6%. The

 

unemployment rate could rise to 3.3% and in 2021 to 3.5%. The

 

 

 

ministry predicts economic growth of 3.1% for 2021. q

 

Source: www.cianews.cz

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