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Macro - Country Economic Forecasts - Czech Republic

Publisher Oxford Economics
Published Aug 28, 2025
Length 8 Pages
SKU # OFE20418451

Description

We forecast Czech GDP will grow 2.1% in 2025. Growth in Q2 slightly disappointed at 0.2% q/q, with tariff frontloading mostly reversing. Consumer spending remains the main growth engine, although resilient domestic demand is also translating into higher imports. The drag from US tariffs and a weaker outlook for manufacturing mean we expect growth to be weaker in 2026, at 1.9%, with early spillover effects from Germany's fiscal stimulus providing a modest boost.

Table of Contents

8 Pages
Czech Republic: Consumer spending remains the cornerstone of growth
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
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Politics and policy

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