Czech Republic: Economic Growth Expected to Expand

Politics ♦ Published: January 14, 2014; 16:25 ♦ (Vindobona)

The Czech Banking Association (CBA) has adjusted its economic forecast and expects a growth rate of 1.9 percent for the Czech economy this year.

Czech Republic: Economic Growth Expected to Expand / Picture: © Vindobona.org

While this year CBA forecasts economic growth to increase to 1.9 percent, the authority anticipates 2.5 percent for 2015. According to the estimate, the Czech economy shrank by 1.3 percent last year. In its previous forecast published in October, CBA’s forecast for 2014 only came at 1.6 percent and 2.4 percent in 2015. Last year CBA estimated a contraction of 1.0 percent. However, the…

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