European Commission sees Czech 2018 economic growth at 3.4 percent

03-05-2018 updated

The European Commission has predicted a slowdown in the Czech economy. The Commission’s Spring forecast sees GDP growth falling to 3.4 percent this year and to 3.1 percent in 2019. In 2017 Czech economic growth was above initial expectations at 4.4 percent.

This year’s Commission forecast is nonetheless an increase on February’s figure of 3.2 percent. The main motor of growth is expected to be buoyant domestic demand.