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CZECHIA: Finance Ministry Publishes Quarterly Economic Forecast

CZECHIA

Czechia's Finance Ministry released the new edition of its quarterly macroeconomic forecast. It now sees a steeper GDP growth path and a lower CPI path, with headline inflation expected to average at +2.4% Y/Y this year. The inflation outlook remains more dovish than the CNB's, with the central bank expecting CPI to average at +2.2% Y/Y this year.

 

Table 1. Summary of the Finance Ministry's and CNB's Macroeconomic Forecasts for 2024.

DataFinance MinistryCzech National Bank
GDP+1.1% Y/Y (prev. 1.4%)+1.2% Y/Y (prev. +1.4%)
CPI+2.4% Y/Y (prev. +2.7%)+2.2% Y/Y (prev. +2.3%)
EUR/CZK25.1 (prev. 25.1)25.1 (prev. 25.1)

 

Table 2. Summary of the Finance Ministry's and CNB's Macroeconomic Forecasts for 2025.

DataFinance MinistryCzech National Bank
GDP+2.7% Y/Y (prev. +2.6%)+2.8% Y/Y (prev. +2.7%)
CPI+2.3% Y/Y (prev. +2.4%)+2.0% Y/Y (prev. +2.0%)
EUR/CZK24.9 (prev. 24.7)25.0 (prev. 24.8)
EM BulletBulletGlobalEmerging Market NewsCentral and Eastern EuropeRegionCzechia

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