Macro - Country Economic Forecasts - Czech Republic
We forecast the Czech economy will contract 0.6% in 2023, as the winter recession is followed by a meagre recovery in H2. The economy continues to grapple with high inflation, tight monetary policy, and weakening demand, both home and abroad. We expect growth to pick up to 2.7% in 2024 as inflation subsides and monetary policy starts to normalise.
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