St. Nicholas's Church
View on the St. Nicholas's Church and city center, Prague, Czech republic
The Ministry of Finance of the Czech Republic has improved the forecast for the growth of the Czech economy in 2018-2019.
What will happen in 2018 with the Czech economyThe Ministry of Finance of the Czech Republic improved its forecast for economic growth in 2018 to 3.6%. The consumer's ability of the residents and the investment activity of firms and government institutions should become the engine of the economy. The Ministry improved economic forecasts and to 2019 - up to 3.3%.In the previous, January forecast, the ministry anticipated economic growth of 3.4% in 2018 and 2.6% in 2019.Last year, the Czech economy, according to the Statistical Committee, has grown by 4.6% since the beginning of April.The average inflation rate in the Czech Republic in 2018 is estimated at 2.1%. In January, the ministry assumed that inflation would be 2.6%. Last year, inflation in the Czech Republic reached 2.5%.Compared with the January forecast, the ministry expects a faster appreciation of the kroon exchange rate against the euro. This year, one euro should be 25.1 kroons, in 2019 - 24.70 crowns.
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