The Czech Ministry of Finance has improved the Czech economic forecast
The Czech Ministry of Finance has improved its Czech economic forecast. According to a new forecast released on Tuesday, gross domestic product (GDP) in the Czech Republic will rise 3.2 percent this year, while the ministry expected 3.1 percent growth in April.
![](https://trademagazin.cdn.webgarden.io/wp-content/uploads/2017/03/praga.jpg)
The Czech Ministry of Finance has become more optimistic.
Next year, instead of the previous 3.7 percent, the Ministry of Finance expects the Czech economy to expand by 4.2 percent.
The engine of economic growth will continue to be investment and household consumption, according to the Ministry of Finance.
Last year, Czech GDP fell by 5.8 percent due to problems caused by the coronavirus pandemic. (Kokes János, MTI)
Related news
The development of fuel and food prices moderated inflation in the Czech Republic
Annual inflation in the Czech Republic dropped to two percent…
Read more >The growth of Czech retail sales slowed down in May
Retail sales in the Czech Republic increased for the sixth…
Read more >Billa, Penny, Shell Team Up To Expand EV Charging Infrastructure In Czechia
Billa, Penny and Shell have entered into a strategic partnership…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >