wiiw Forecast Reports
CZECH REPUBLIC: Weak growth at full employment
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in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 60-63
GDP growth has been losing momentum gradually as productive investment starts to decline. Labour resources are nearing depletion, but labour shortages have failed to prompt intensified capital formation. A high dependence on the car industry may become a problem. Signs of recession in Germany are spilling over into Czech manufacturing. Consumption remains the backbone of a subdued output growth. We forecast average growth of around 2.5% in the medium run.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Czechia