Ministry projects crown to fall below 24 to euro within three years

The Czech crown could reach 23.80 to the common European currency in three years’ time, according to a new study produced by the Czech Ministry of Finance. This year the Czech currency has been trading at an average of 25.10 to the euro.

The regular study, based on prognoses by 16 financial institutions, also suggests that economic growth will slow in the coming years, from around 3.5 percent in 2018 to 2.5 percent in 2021.

Author: Ian Willoughby