Macro - Country Economic Forecasts - Czech Republic
We've lowered our 2024 Czech GDP growth forecast by 0.1ppts to 1.0% on the back of a slightly weaker outturn in Q3. The economy is trundling along at a modest growth pace, failing to pick up momentum. But we expect growth will strengthen to 2.8% next year as monetary easing feeds through to a lower domestic savings rate and demand improves for capital goods abroad. That said, the Trump presidency poses a significant downside risk.
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