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CZECHIA: Finance Ministry Revises 2025 GDP Growth Outlook Slightly Lower

CZECHIA
EM BulletBulletGlobalEmerging Market NewsCentral and Eastern EuropeRegionCzechia

Czechia's Finance Ministry released its quarterly macroeconomic forecast, predicting slower economic growth in 2025 and keeping the inflation outlook for 2024 and 2025 unchanged.

  • The Finance Ministry now expects the economy to grow by 2.5% Y/Y next year compared with +2.7% in the August forecast. The fiscal gap is expected to narrow to 2.3% of GDP next year.
  • "In 2025, the Czech economy could grow by 2.5% thanks to stronger consumption and investment and more favourable economic developments abroad, but a more robust recovery in domestic demand will also support imports."
  • "Inflationary external supply factors have weakened considerably, while domestic demand pressures are further suppressed by elevated monetary policy rates, supported this year by the restrictive effects of the fiscal consolidation package."
  • Finance Ministry staff "consider the risks to the forecast to be skewed to the downside" due to potential supply chain disruptions as well as the "structural problems and weak economic growth in Germany."

 

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Czechia's Finance Ministry released its quarterly macroeconomic forecast, predicting slower economic growth in 2025 and keeping the inflation outlook for 2024 and 2025 unchanged.

  • The Finance Ministry now expects the economy to grow by 2.5% Y/Y next year compared with +2.7% in the August forecast. The fiscal gap is expected to narrow to 2.3% of GDP next year.
  • "In 2025, the Czech economy could grow by 2.5% thanks to stronger consumption and investment and more favourable economic developments abroad, but a more robust recovery in domestic demand will also support imports."
  • "Inflationary external supply factors have weakened considerably, while domestic demand pressures are further suppressed by elevated monetary policy rates, supported this year by the restrictive effects of the fiscal consolidation package."
  • Finance Ministry staff "consider the risks to the forecast to be skewed to the downside" due to potential supply chain disruptions as well as the "structural problems and weak economic growth in Germany."

 

Keep reading...Show less