ČNB: GDP growth rate to reach 3.6%

(ČIA) The inflation forecast at the one-year horizon is 2.2%. Under the three-year outlook, economists expect the value to be 0.1 pp lower. This follows from the July analysis of the Czech National Bank (ČNB). The annual GDP growth rate is expected to reach 3.6% and is expected to accelerate to 4.5% in 2022. Analysts predict that as early as in Q2 2021, the economy could grow again. Foreign demand, especially from Germany, remains favorable and domestic demand is also growing. This is evident not only from leading indicators that exceed expectations, but also from inflation. EU funds should also have a positive impact.



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