Finance Ministry expects economy to grow by 3.1 percent in 2021

The Czech economy should grow by 3.1 percent this year, according to a new forecast released by the Ministry of Finance on Wednesday. In 2022, the ministry expects growth to reach 3.7 percent.

In a press release, the Finance Ministry states that the ongoing coronavirus vaccination programme will improve the epidemiological situation which will in turn lead to the revitalisation of the economy at home and abroad.

The forecast also expects inflation to reach 2.5 percent in 2021, with unemployment rising to 3.6 percent.