IndustryMin lowered GDP growth rate estimate to 2.5%

4. 7. 2019

The Ministry of Industry and Trade of the Czech Republic has lowered its economic growth rate forecast for the year 2019 to 2.5 % from the almost 3 % anticipated in April.

(ČIA) The Ministry of Industry and Trade of the Czech Republic has lowered its economic growth rate forecast for the year 2019 to 2.5 % from the almost 3 % anticipated in April. This is primarily due to a reassessment of the outlook for Germany, where there was a significant revision of GDP growth. Like last year uncertainties about the further development of the Czech economy are tied primarily to developments abroad.