Czech Rep. Economic Outlook
January 8, 2019
Available hard data suggests growth accelerated in the fourth quarter of 2018, following a subdued third quarter in which economic activity was constrained by tepid consumer spending and a negative performance of the external sector. Industrial production rebounded vigorously and export growth soared in October, boosted by strong car production. In the same month, retail sales bounced back, supported by an extremely tight labor market and rising wages. That said, survey-based indicators for October-December still point to a lukewarm expansion, suggesting the scope of the acceleration could be limited in Q4. In view of a possible future economic slowdown—and of its effects on banks’ balance sheets—in mid-December the Central Bank raised the counter-cyclical capital buffer for banks to 1.75%, which will take effect in January 2020. On the political front, on 20 December the parliament finally passed the 2019 budget, which targets a deficit of 0.7% of GDP and includes hikes in pensions and public sector wages.Czech Republic Economic Growth
The economy is expected to maintain a broadly stable and solid pace of expansion this year. Private consumption should continue to expand, although at a somewhat slower rate compared to last year, supported by extremely tight labor market conditions and rising wages. Moreover, the positive economic performance is expected to translate into healthy fiscal parameters. That said, lingering global trade tensions and a faster-than-expected economic slowdown in the EU could hurt the external sector, weighing on GDP growth. Met the why particular Consensus Forecast panelists see GDP growing 2.9% in 2019, which is down 0.1 percentage points from last month’s projection, and 2.6% in 2020.Czech Republic Economy Data
Sample Report
5 years of Czech Republic economic forecasts for more than 30 economic indicators.
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Czech Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.78 | -1.85 % | Jan 30 |
| Exchange Rate | 22.58 | -0.66 % | Jan 30 |
| Stock Market | 1,035 | -0.11 % | Jan 30 |
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Czech Republic Economic News
Czech Republic: Inflation climbs to over six-year high in March
April 11, 2019
Consumer prices rose 0.2% from the previous month in March, following February’s 0.2% month-on-month increase.
Czech Republic: Industrial production rebounds in February
April 8, 2019
Industrial production rose 1.5% year-on-year in February, rebounding from January’s 1.0% decline.
Czech Republic: CNB stays put amid worsening external-sector anxieties
March 28, 2019
On 28 March, the Czech National Bank (CNB) kept the two-week repo rate unchanged at 1.75%.
Czech Republic: Economic sentiment falls to two-year low in March
March 25, 2019
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), tumbled from 98.2 points in February to 97.0 in March, a two-year low.
Czech Republic: Industrial production contracts again in January
March 15, 2019
Industrial production tumbled 1.1% year-on-year in January, following December’s sharper 1.5% drop.
© Copyright: 2019 | Czech Republic Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
