Czech economic growth slowing according to World Bank

Czech economic growth slowing according to World Bank

Published at: 2018-10-11 10:55 | Author: CIJEurope.com
Idnes.cz reports that the World Bank is predicting that while global economic growth will continue next year at this year's rate of 3.7 percent, the Czech Republic's prospects are beginning to look worse. Gone are the days of last year's 4.3 percent jump in GDP, with 2018's figure unlikely to exceed 3.1 percent. Next year, predicts the bank, it will achieve just a 3 percent expansion. The bank notes that numerous economies have reached full employment, which is preventing continued growth. But it also writes that new risks have emerged to continued growth worldwide, among them rising interest rates as well as the threat of a trade war and tensions between the United States and China.

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