wiiw Forecast Reports
CZECHIA: Inflation proving hard to tame
publication_icon
in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. 56-59
With persistently high inflation, cooling internal and external demand, tight monetary conditions and a deteriorating fiscal position, the macroeconomic challenges facing Czechia are mounting. The Czech economy will manage to keep its head just above water and will avoid a recession, but it will be stagnant this year. The slowdown is expected to be temporary, and the economy should be in a position to see renewed growth from 2024 onwards.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Czechia