MF: GDP to grow by 2.5%, inflation above 2% in 2019

17. 5. 2019

The GDP of the Czech Republic will grow by 2.5% in 2019 and by 2.4% in 2020.

(ČIA) The GDP of the Czech Republic will grow by 2.5% in 2019 and by 2.4% in 2020. This stems from a macro-economic development prediction published by the Ministry of Finances of the Czech Republic (MF). Expenditures of households on final consumption will likely grow by 2.8% in 2019 and 2.6% in 2020. The growth in the consumption in the segment of government institutions will likely annually slowdown from 3.7% to 2.5% in 2019 and further to 1.8% in 2020. The inflation rate will likely be above 2% and its average will likely reach 2.0% in 2020. The unemployment will likely reach 2.3% in both 2019 and 2020.