Macro - Country Economic Forecasts - Czech Republic
We have maintained our 2023 GDP forecast for the Czech Republic at -0.7% for 2023, but we have lowered our 2024 growth outlook a further 0.2ppts, to 2.3%. The 2024 downgrade is based on a reduced forecast for the eurozone due to tighter financial conditions prompted by the banking sector turmoil and weaker external demand.
Czech Republic: Growth to remain weak for the rest of 2023Forecast overviewRecent developmentsShort-term outlookKey drivers of our short-term forecastMedium-term outlookEconomic riskEconomic risk evaluationRisk warnings.What to watch out forExposure to key global risksBackgroundEconomic developmentStructure of the economyBalance of payments and structure of tradePolitics and policy