Competitiveness / Macroeconomic Indicators, Economic Growth
This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.
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CNB unexpectedly increases rates
The Czech National Bank unexpectedly raised interest rates at today's meeting by 25bp to 2.25%, with four of the seven board members voting for the hike. We expect the key rate to remain unchanged now before a cut at the turn of the year.
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The Czech economy will continue slowing down in 2020 and unemployment will remain low
The Czech economy will be marked by continued slowdown in 2020, with GDP growing by 2.0%. Despite the slowdown in growth, the unemployment rate should remain at a very low level, at around two percent. The average wage will rise by the lowest percentage in three years, 5.7%. Inflation is expected to be 2.5-3.0% during 2020. These are some of the conclusions of the 2020 analysis of the economic outlook compiled by Deloitte's economic team.
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