KB predicts economy and investment growth, CNB rate cut

Published: 30.07.2023 Related countries:  Japan Japan

The recovery in real wages from Q2 2023 onwards, combined withthe dissolution of accumulated savings, should be the basis for thestart of gradually increasing household consumption, which isexpected to grow by 4.5% in 2024.

This is according to themacroeconomic forecast of Komerční banka, which also predicts that investment activity will increase at the end of 2023 and that fixed investment will grow by 5.8% in real terms in 2024. The Czech National Bank is forecasting a reduction in interest rates by KB to 5.5% 3M PRIBOR in 2024.