Economists predict GDP growth slowdown to 2.0%

31. 12. 2019

The growth of the Czech economy will most likely continue to slow down closer to 2.0% due to weaker demand from abroad in 2020.

(ČIA) The growth of the Czech economy will most likely continue to slow down closer to 2.0% due to weaker demand from abroad in 2020. This was predicted by Jakub Seidler, the chief economist of ING Bank for the Czech Republic. CZECH FUND's head economist Lukáš Kovanda expects a slowdown to 2.2% primarily due to a slowdown of the Chinese and German economy and due to a growth in global protectionism. Komerční banka economist Michal Brožka said that a weaker output of the economy will be caused by a slowdown of the Czech industry, however, the consumption of households, the current driver of the economy, will not grow as fast as in the past.