Czech Republic Freight Transport Report Q1 2016
BMI View: The Czech economy continues to perform well in 2016, benefiting the freight sector over themedium term. We forecast further economic growth in general over the medium term, albeit with a slowerGDP growth. We expect GDP to grow on average 2.98% over our forecast period. The good performanceof the Czech Republic is due to foreign investment and capital made possible by an affordable and skilledworkforce.
We expect a continued economic recovery in the Czech Republic, with GDP growth of 4% in 2016, whileslowly decreasing over the next few years until the end of our forecast period when we estimate the growthrate will be 2.3%. Foreign investment will benefit the country and in terms of trade, imports will increase,while there will be a minor decrease in exports over the medium term. Despite a slightly more positivepicture regarding the Czech Republic's immediate European neighbours, a broad-based growth slowdown inemerging markets will adversely impact Czech exports.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook