Macro - Country Economic Forecasts - Czech Republic
We've cut our 2024 GDP growth forecast slightly for the Czech Republic to 1.0%, to account for the impact of the recent floods hitting the border regions. Given the sufficient government response and help from EU funds, the effect of the flood damage shouldn't be severe or long-lasting. However, it has added to our view of steady, slowly building economic growth heading into next year. We think the economy will grow by 2.9% in 2025.