OECD forecasts slowest economic growth for Czechia out of V4 countries

The Organisation for Economic Co-operation and Development (OECD) has upgraded this year's global economic growth forecast from 2.9 percent to 3.1 percent in the latest OECD Economic Outlook report published on Thursday. However, out of the Visegrad Group (V4) countries, the OECD predicts the slowest growth for Czechia, with GDP growth of 1.1 percent this year and 2.4 percent next year, compared to Poland (2.9 percent growth this year and 3.4 percent next year), Hungary (2.1 percent this year and 2.8 percent next year), and Slovakia (2.1 percent this year and 2.7 percent next year). This makes Czechia the only one of the V4 to fall behind the OECD average, according to the forecast.