RB: CZK 660bn must be invested in economy’s restart

(ČIA) To return to the previous trajectory of investment growth in the Czech Republic, it will be necessary to invest at least CZK 660bn. This stems from a survey by Raiffeisenbank (RB). Private as well as public investment should flow e.g. into robotics, digitization, infrastructure and rental housing. According to the analysis, COVID-19 will erase three to four years of growth, while the economy will reach the level of 2016. RB expects a return to the pre-COVID level during 2022. At the end of 2020, the bank expects unemployment below 5% (i.e. less than 360,000 persons).



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