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| Czech economic growth in 2020 unlikely to exceed 2 percent, say analysts |
| Prag, 03.03.2020 |
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| The Czech Republic’s gross domestic product growth could fall below 2 percent this year, according to analysts questioned by the Czech News Agency. Overall, they view the state of the economy as relatively good, with strong consumption and investment levels acting as support.
Economists have been predicting that the growth of the Czech economy will slow down for some time already. However, the question that many ask themselves is by how much.
One factor which makes it particularly hard to estimate growth levels at the moment is the impact of the coronavirus infection which is currently raising concerns across the globe.
Other questions include how much foreign demand will fall, especially when it comes to the automobile sector and to what degree companies will start revising their investment plans, ČSOB economist Petr Dufek told the Czech News Agency.
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