MPO: GDP growth slows down to 3% in 2018

11. 4. 2019

In 2018, the growth in GDP slowed down from 4.4% to 3% due to the lack of HR and production capacities and a growing uncertainty related with the outer environment.

(ČIA) In 2018, the growth in GDP slowed down from 4.4% to 3% due to the lack of HR and production capacities and a growing uncertainty related with the outer environment. This stems from an analysis published by the Ministry of Labour and trade of the Czech Republic (MPO). The ministry expect a lower GDP growth in 2019. As well as in 2018, the growth will likely be formed only by the domestic demand. The slowdown in the economic growth rate will gradually be reflected in the downward pressure on the demand side for labour.