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.
Prepared by the team of the foreign office of CzechTrade in The Hague
Source: Česká informační agentura, s.r.o. (ČIANEWS)