ČBA: In 2020 GDP growth will slow to 2.3 %

26. 7. 2019

In its latest forecast the Czech Banking Association (ČBA) has left its GDP prediction unchanged and for 2019 and 2020 it predicts that the Czech economy will grow by 2.4 % and 2.3 %.

(ČIA) In its latest forecast the Czech Banking Association (ČBA) has left its GDP prediction unchanged and for 2019 and 2020 it predicts that the Czech economy will grow by 2.4 % and 2.3 %. The estimated gradual reduction in the growth of private consumption (2019: 2.8 %; 2020: 2.6 %) corresponds to the anticipated development of salaries. The investment growth rate should fall from 7.2 % in 2018 to 2.8 % in 2019 and reach 3 % in 2020.