wiiw Forecast Reports

CZECHIA: Inflation proving hard to tame


Zuzana Zavarská

in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. 56-59

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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