European Commission raises its estimate for Czech economic growth

According to the European Commission, the Czech economy will grow by 2.4 percent this year, and will then slow to 1.9 percent in 2026. The main driver of growth is expected to be private consumption, resulting from rising real wages and a lower household savings rate. The Commission stated this on Sunday in its autumn economic outlook.

The European Commission also improved its forecast for EU economic growth for this year and for 2026 to 1.4 percent. In its previous spring forecast, it had estimated this year’s growth at 1.1 percent. It also raised its estimate for economic growth in 2027 by 0.1 percentage point, to 1.5 percent.