Macro - Country Economic Forecasts - Czech Republic

We expect Czech GDP growth of 2.4% for 2025 but acknowledge the many downside risks. We estimate the Czech economy grew by 0.4% q/q in Q4 2024, resulting in a solid carryover into this year. Steady growth in consumer spending, underpinned by healthy real earnings growth, will likely continue to drive growth in 2025. We also expect a gradual improvement in capital spending towards H2 2025, with the policy mix mildly supportive of growth this year.


Czech Republic: Growth is picking up slowly but risks persist
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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