Czech economic growth now slowing

Czech economic growth now slowing

Published at: 2018-10-31 10:08 | Author: CIJEurope.com
The Czech economy has peaked, according to the Czech Banking Association (CBA). While GDP will continue to grow in the coming years, the pace will be slower. Czech Television reports that the CBA reduced its outlook for 2018 from 3.3 percent growth to just 3 percent, but it's left 2019 growth at 2.9 percent. Inflation will remain above 2 percent this year, speeding to 3 percent in the first half of 2019 before slowing in the last six months for a yearly average of 2.4 percent. This is because of the slowly rising value of the crown on foreign exchange markets.

Similar Stories:

New public square, promenade planned for southern Montenegro
Construction will start soon on a new public square and promenade in Sutomore along the Mo  »
New Serbian data center under construction worth €30m
In central Serbia, in Kragujevac started the construction works on a new state’s data ce  »
First 5G base station launched in Bulgaria
The Bulgarian mobile operator A1 has launched 5G service in the country with the installat  »
CPI Hungary commits to Acces4You initiative
CPI Hungary has joined the Accesss4You initiative, which calls upon building owners to ens  »
Czech Republic  ♦  Bryan Wilson : On Management
What’s guided your theory of management? I’d start by saying that in no way do I cons   »
The Czech investment group Redside has completed the acquisition of the Trenčin Industria   »
The Prague-based property conference took place in the shadow of the financial crisis that   »
Radom airport has been the butt end of jokes for years. Czech Airlines and Air Baltic both   »