wiiw Forecast Reports
CZECHIA: A consumption-driven recovery
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in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. 66-69
Following a minor contraction in 2023, the Czech economy will see a mild recovery this year. As inflation falls sharply and real wages rise, consumption will be the main driver behind this. Uncertainty looms over Czech industry, its trajectory hinging on the pace of growth in certain major economies, particularly Germany. A more dynamic growth path lies ahead in 2025 and 2026, as industry revives and capacity-expanding investment picks up.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Czechia