Finance Ministry survey predicts Czech economy will grow by 3 percent in 2021

The Czech economy will grow by 3 percent this year, followed by a 3.9 percent growth in 2022, according to the results of a regular economic survey conducted by the Ministry of Finance.

In 2023 and 2024, the ministry predicts the economy to grow by 3 percent. Inflation is expected to gradually fall coupled with a strengthening of the crown. Meanwhile, unemployment is expected to hover around the 3 percent mark.

The survey explored the prognoses of 16 economic projections made in the Czech Republic, by a mix of public and private institutions.

Last year saw the economy contract by 5.6 percent as a result of the coronavirus pandemic.