CNB cut GDP growth outlook to 3.0%, price outlook to 8.5%

Published: 07.02.2022 Related countries:  Japan Japan

The Czech National Bank (CNB) has cut its GDP growth forecast for 2022 by 0.6 ppts to 3.0%.

In 2023, the economy is expected to strengthen by 3.4%. At the same time, the central bank raised its inflation estimate. It now forecasts consumer price growth of 8.5% for 2022 and 2.3% for 2023. Average nominal wages are expected to rise by 6.6% and 5.3% respectively.