Czech Republic

Performance in 2019-2020 will conform to the recent moderate growth pattern. Private consumption is dissociated from the rapidly rising household incomes pushed upward by fast rising wages. The EU funds supporting high infrastructural investment are largely exhausted. The business sector is not keen on undertaking massive investment. Responding to higher (but still moderate) inflation, the National Bank cautiously raises its policy rate. Fiscal policy remains stability-oriented.

map Czech Republic
        FORECAST*
Main Economic Indicators201620172018201920202021
Population, 1000 persons105661059410630...
GDP, real change in %2.54.42.92.52.42.5
GDP per capita (EUR at PPP)256002690027900...
Gross industrial production, real change in %3.46.53.2...
Unemployment rate - LFS, in %, average4.02.92.22.22.22.2
Average gross monthly wages, EUR102711261243...
Consumer prices, % p.a.0.62.42.02.52.12.0
Fiscal balance in % of GDP0.71.60.9...
Public debt in % of GDP36.834.732.7...
Current account in % of GDP1.61.00.30.10.20.3
FDI inflow, EUR mn980982067272...
Gross external debt in % of GDP73.489.381.9...


Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.

publication_icon

Monthly Report No. 6/2019

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Hermine Vidovic and Goran Vuksic
wiiw Monthly Report No. 6, June 2019
27 pages including 24 Tables and 1 Figure

Details

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CZECH REPUBLIC: Stability and (undue) caution

Leon Podkaminer
in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 80-83
Details and Buy


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