European Commission sees Czech growth at 2.3 percent in 2016

The European Commission expects Czech economic growth this year to slow down considerable to around 2.3 percent from an expected 4.5 percent in 2015. The latest figures were released in the Commission’s winter economic prognosis. Growth in 2017 is expected to climb slightly to 2.7 percent. One of the factors curbing Czech growth is lower pumping of EU cash at the start of a new funding period.

Author: Chris Johnstone