The coronavirus pandemic has pushed back the Czech economy

By: Trademagazin editor Date: 2022. 01. 24. 11:07

On an annual basis, the economic development of the Czech Republic decreased by two percentage points in 2021, from 88 percent to 86 percent, compared to the European Union average. It is expected to remain at this level this year, according to a new macroeconomic forecast released by the Czech Ministry of Finance on Monday.

Czech economic development falls by two percent compared to EU average

Statistics from the Prague Ministry show that the Czech Republic’s economy is still better than its three Visegrad partners (Poland, Hungary, Slovakia) and, among the old EU Member States, Portugal or Spain.

As for the three Visegrád states, Poland remained at 72 percent year-on-year, Hungary increased its level of development by one percentage point to 71 percent, while Slovakia fell from 67 percent to 65 percent, according to the Czech Ministry of Finance. (MTI)