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Czech Economy to Shrink by 1.0% This Year
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According to IMF, the Czech GDP will shrink by 1.0% this year. Next year an economic growth rate of 0.8% is expected.
Czech Economy to Shrink by 1.0% This Year / Picture: © Vindobona.org
Compared to the spring forecast, IMF´s economic forecast for the Czech Republic was cut substantially. The Czech National Bank anticipated a growth rate of -0.9% this year and an increase of 0.8% next year. By contrast, the Czech Ministry of Finance is more optimistic and estimates GDP growth to come at -0.5% this year and at 1.0% next year.
The Central and Eastern European…
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