Czech finance ministry ups growth figures, sees budget surplus in 2018

The Czech Ministry of Finance has upped its GDP growth expectations for this to 2.4 percent from the previous 2.2 percent. And the forecast for 2017 has also risen to 2.5 percent from 2.4 percent. The ministry expects a modest budget deficit of 0.2 percent of GDP both this year and next. But the budget should swing into a slight 0.1 percent surplus in 2018 and rise to 0.5 percent of GDP in 2019, according to the latest figures released Monday.

Author: Chris Johnstone