Czech Republic Defence & Security 2018
BMI View: The Czech Republic will continue to post positive growth over our forecast period with regard to defence expenditure as regional security threats, namely Russian assertiveness in Eastern Europe and the ongoing refugee crisis, continue to simmer. Cementing this expenditure growth will be the country's positive economic outlook, with the Czech Republic among the most stable economies in emerging Europe and expected to be a regional growth outperformer in 2018. Expenditure will predominantly be directed at continued force modernisation and procurement and although the domestic industry will receive some investment for development, we do not expect indigenous capabilities to make any significant leaps forwards - although an uptick technology transfers and cooperation agreements pose upside risk to this view.
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