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Macro - Country Economic Forecasts - Czech Republic

Publisher Oxford Economics
Published Mar 30, 2026
Length 8 Pages
SKU # OFE21077155

Description

We have downgraded our 2026 Czech GDP growth forecast by 0.2ppts to 2.1% due to the negative impacts of the US-Israel-Iran war. The Czech economy is exposed to the energy shock as it is highly manufacturing-oriented and energy-intensive. However, the shock is hitting into a relatively benign environment, with solid momentum and low inflation. We expect the impact of the war to linger, and we have downgraded our 2027 outlook by 0.3ppts to 2.1%.

Table of Contents

8 Pages
Czech Republic: The energy shock is hitting into a benign backdrop
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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