All analysis from category Economic outlook
Economic outlook
Czech economic outlook for 2025: Return to growth in uncertain times
The Czech economy struggled with low GDP growth in 2024, which reached 0.9% y-o-y. Weak external demand, especially from Germany, and high interest rates were important factors, which hampered investment activity. Household consumption grew moderately, while business investment and gross capital formation declined.
Economic outlook
Outlook for the Czech economy in 2024: Recovery from high inflation
The global economy grew by 3.0% in 2023, according to the IMF's estimate, slowing from 3.5% in 2022. In 2024, global GDP growth is expected to reach 2.9%. The main drag on growth will be the lagged effect of central banks' restrictive monetary policies.
Economic outlook
Czech economic outlook for 2023: Too expensive recession
The global economy is estimated by the International Monetary Fund to grow by 3.2% in 2022, slowing down from 6.0% in 2021 and is expected to grow by 2.7% in 2023. The main drag on growth is, of course, the energy crisis, which is hitting Europe hardest.
