According to the IMF World Economic Outlook for April 2014 the Czech Republic should grow faster than in the previous year. Estimated growth of Czech economy by 1.9 % for 2014 is in comparison to previous growth of 0.9 % last year 1 % higher. The percentage is also higher in comparison to IMF economic forecast for the Czech Republic at the beginning of this year which stated potential growth of only 1.5 % higher which illustrates that Czech economy is doing better than IMF anticipated. The IMF outlook for the Czech Republic with the growth of 1.9 % ranks in general among higher estimates. For example Czech National Bank believes that Czech GDP will grow by 2.2 % which is higher than IMF estimate but on the other hand Ministry of Finance foresees the growth of only 1.4 %, according to the European Commission the Czech GDP should grow by 1.8 % and OECD by only 1.1 %. For the year 2015 the outlook looks brighter and IMF with its estimate of 2 % is rather on the safe side here in comparison to Czech National Bank with 2.8 %, Ministry of Finance with 2 %, European Commission with 2.2 % and OECD with expected growth of 2.3 %.
10th August 2020