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Macro - Country Economic Forecasts - Czech Republic

Publisher Oxford Economics
Published Jun 30, 2025
Length 7 Pages
SKU # OFE20204918

Description

We have kept our 2025 GDP growth forecast for the Czech Republic unchanged at 2.1%. The economy is displaying solid momentum despite elevated uncertainty and the imposition of US tariffs. Strong consumer spending continues to be the main driver of growth, which we expect to continue throughout this year. However, a cooling labour market poses a key downside risk. We think growth momentum will be maintained in 2026, when we forecast GDP growth of 2%.

Table of Contents

7 Pages
Czech Republic: Growth resilience raises upside risks
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Medium-term outlook
Economic risk
Economic risk evaluation
Risk warnings.
What to watch out for
Exposure to key global risks
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Politics and policy

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