wiiw Forecast Reports
CZECHIA: In the slow lane
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in: Beneath the Veneer of Calm
wiiw Forecast Report No. Autumn 2023, October 2023 , pp. 68-71
There are not too many reasons to be optimistic about the economic performance of Czechia in 2023. The economy will remain stagnant (0.1%) and inflation high (11%). With prices rising steeply, household consumption is dragging growth downward, as are declining inventories. Following a period of surprising resilience, industry is also losing steam. The dim outlook for Germany is further weakening Czechia’s prospects. A mild recovery can be expected in 2024, helped by inflation falling back.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Czechia