Macro - Country Economic Forecasts - Czech Republic
We estimate the Czech economy expanded by 0.9% this year – hardly stellar growth, but a solid result given the numerous headwinds. Economic activity is picking up pace slowly, driven by recovering consumer spending. Macroeconomic policy will turn mildly supportive next year as the impact of rate cuts feed through. But stagnating fixed investment and continued struggles in manufacturing prompted us to downgrade our 2025 GDP growth forecast by 0.3ppts to 2.5%.
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