Analysts: GDP will grow by up to 1 %

(CIANEWS) - The Czech economy will grow by 0.3 % in 2023. This is assumed by Komerční banka economist Martin Gürtler, who predicts an acceleration to 2.4 % for 2024. According to Raiffeisenbank analyst Vratislav Zámiš, the Czech economy will strengthen by 0.9 % this year. As in previous quarters, the outlook is burdened by many risks. Among them are the prices of energy raw materials. The return to optimism must therefore be cautious. CREDITAS Bank chief economist Petr Dufek said that the slower pace of GDP is primarily the result of a slowdown in domestic consumption caused by a record drop in the purchasing power of the population. The factor of foreign trade can offset this adverse effect over time but this will require functioning supply chains.



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