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Czech Republic: CNB Demonstrates Optimism
The Czech National Bank has revised the economic outlook. Domestic demand remains is expected to remain weak.
Czech Republic: CNB Demonstrates Optimism / Picture: © Vindobona.org
This year, the Czech Republic will definitively leave the recession behind, the Czech National Bank reported. According to the recent forecast, the Czech GDP will grow by 2.2% this year. Next year, the Czech economy is expected to expand by 2.8%.
Compared to the prior forecast from November 2013, this is a substantial increase. Three months ago, the Czech National Bank has…
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