IMF predicts Czech GDP will fall by 0.5 percent in 2023

The Czech economy will decline next year after growing by 2.3 percent this year, with gross domestic product falling by about half a percentage point, according to a forecast released by the International Monetary Fund.

In its October global outlook, the IMF predicted that the Czech economy would grow by 1.9 percent this year and 1.5 percent next year. The IMF’s estimates are more pessimistic than the Czech finance ministry's November forecast, which predicts that the Czech economy will grow by 2.4 percent this year and decline by 0.2 percent next year.

Author: Ruth Fraňková