IMF downgrades Czech economic growth forecast

The International Monetary Fund (IMF) has downgraded its growth forecast for the Czech economy for this year and next.

According to its latest forecast, Czech GDP will grow by 1.8 percent this year, with growth expected to pick up slightly to 1.9 percent in 2027.

In its spring forecast, the IMF had projected growth of 2.2 percent in both years. The Czech economy grew by 2.6 percent last year.