Czech GDP is expected to grow at 1.4%

Published: 03.01.2024 Related countries:  Czech Republic Czech Republic

Czech economy will slightly grow in 2024.

Following an estimated stagnation in 2023, economic activity in Czechia is expected to only gradually pick up pace reaching 1.4% in 2024 and 3.0% in 2025. The decline in inflation from 12.2% in 2023 to 3.2% in 2024 is likely to help households gain confidence for increased spending, and triggering also an acceleration in investments in 2025. Conversely, the phase-out of measures to mitigate the impact of high energy prices and the government’s public finance consolidation package are set to lead to a decline in the budget deficit and provide a negative momentum to GDP growth.