EC: Czech GDP will grow by 2.3% thanks to EU funds

(CIANEWS) - The Czech economy will grow by 2.3% in 2022, while the GDP of the EU as a whole will grow by 2.7%. The European Commission estimates this in its summer economic forecast. The recovery in the Czech Republic has been slower than expected due to the impact of the Russian military aggression and persistent disruption in supply chains. The Czech economy is forecast to grow at 2% in 2023, thanks to the financial stimulus from the Recovery and Resilience Facility and other EU funds. Inflation, due to high energy prices, supply-side constraints, and strong demand, will reach 13.9% in 2022 (EU: 8.3%) and fall to 5.8% in 2023 (EU: 4.6%).



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