Investor Presentaiton
The macroeconomic forecast:
Rebound of economy
The Czech Republic's economic output grew by 3.3% in
2021, with all components of domestic demand contributing
positively, most notably the change in inventories and
household consumption.
The outcome of 2022 will be affected by the effects of
geopolitical development and a change in the setting of
international trade relations. Amid uncertainty the full-year
growth rate of the Czech economy should slow to 1.2%,
driven by government and private sector investment and
consumption.
Oil, electricity, and gas prices should contribute significantly
to the exceptionally strong consumer price growth. Higher
costs to firms will then be reflected in the prices of goods
and services. Disruptions in supply chains and wage costs
in the private sector will also be pro-inflationary. However,
the increase in monetary policy rates will weaken domestic
demand pressures and contribute to the appreciation of the
koruna against the euro, which will have an anti-inflationary
effect.
Source: Macroeconomic Forecast - April 2022 | 2022 | Ministry of Finance of the Czech Republic (mfcr.cz)
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