wiiw Forecast Reports
CZECH REPUBLIC: Weak growth at nearly full employment
publication_icon
in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 83-86
GDP growth has gradually been losing momentum, as productive investment starts to decline. Labour resources are nearing depletion, but labour shortages are failing to spark intensified capital formation. Interest rates on loans are no longer as low as they used to be, and the exchange rate is becoming less stable. The recessionary tendencies in Germany are spilling over into Czech manufacturing. Consumption remains the backbone of a subdued growth in output.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Czechia