wiiw Forecast Reports

CZECHIA: Light at the end of the tunnel?


Leon Podkaminer

in: Darkest before the dawn?
wiiw Forecast Report No. Spring 2021, April 2021 , pp. 64-67

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GDP fell by 5.6% in 2020, a smaller decline than had been expected. Although the intensity of the recession was still evident in the fourth quarter of 2020, manufacturing is recovering. A moderate decline in employment is still under way. Czechia’s economic fundamentals remain strong: the level of public debt is low, foreign-exchange reserves are very high and the trade balance is in surplus. Positive growth will return in 2021, although the rebound will not be particularly strong.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Czechia