Czech GDP’s growth rate will slow down to 2.4% in 2016. The economic growth will be influenced primarily by consumer demand, supported by low unemployment, growth of wages and weak inflation. The average unemployment rate is expected to drop to 5.6%. The growth of average nominal wage will accelerate to 4%. Average inflation in 2016 will not exceed 1%. This stems from the macroeconomic forecast by the Czech Banking Association (ČBA).
Source: www.cianews.cz
