Czech economy will grow by 2.6% in 2021 and 3.5% in 2022. This is
predicted by the International Monetary Fund (IMF), adding that
pent-up demand will continue to boost private consumption. In
addition, public consumption will fall as support measures are
withdrawn. At the same time, the IMF expects unemployment to
remain low, wages to continue to rise and exports to recover.
Inflation is expected to remain elevated in 2022 on account of
overheating in the labour and housing markets. External factors will
include supply chain disruptions and high energy prices.
Source: ČIA NEWS, November 24th, 2021, www.cianews.cz/en
Compiled by the team of CzechTrade office in Latvia.