22nd June 2023

OECD Economic Outlook for Czechia (June 2023)

According to OECD, GDP growth in Czechia will slow to 0.3% in 2023, before picking up to 2.4% in 2024. In 2023, high energy prices, tight financing conditions and weak sentiment will hold back private investment, and still elevated inflation will constrain private consumption. Private consumption will pick up in 2024, underpinned by growing real wages. Inflation will start falling from currently high levels but will only approach the 2% target towards the end of 2024. The unemployment rate will remain low, close to 3%. Full detail country detail is avaialble here.

Read also Economic Survey of the Czech Republic - 30 March 2023

Members of the American Chamber of Commerce in the Czech Republic