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President Zeman To Appoint The Coalition Government

CZECHIA
  • President Milos Zeman will appoint the coalition government led by Civic Democrat leader Petr Fiala (BBG).
  • According to the latest forecasts of the Chamber of Commerce, the Czech economy is expected to grow by 4.3% in 2022 and inflation expected to average 5.6%.
  • GDP growth will be mainly driven by the surge in real wages and the household consumption deferred from 2020 and 2021.
  • Yesterday, economic data showed that economic data showed that PPI inflation accelerated to 13.5% in November, its highest level in 29 years.
  • Economists expect the CNB to raise its benchmark rate by 75bps to 3.5% at its next meeting on December 22.

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