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



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