Skip to main content

Czechia to remain one of the sick men of Europe

The Czech economy has had the weakest performance of any EU country since the pandemic, and we think that growth will disappoint expectations again in 2024. This will keep inflation contained and put pressure on the central bank to loosen monetary policy aggressively. We are revising down our already below consensus interest rate forecast a little further: we now think that the policy rate will be cut from 6.25% to 3.50% by the end of 2024 (consensus 4.00-4.25%).

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access