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OECD: GDP growth will slow down to 2.4% in 2016

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The pace of the GDP growth in the Czech Republic will slow down from 4.3% in 2015 to 2.4% in 2016. The pace will grow to 2.6% in 2017. This was stated in an outlook published by the Organisation for Economic Co-operation and Development (OECD). The organisation predicts that the unemployment rate will reach 4.4% this year. It will fall to 4.2% one year later. The fiscal balance will likely reach -0.5% in 2016 and fall to -0.4% later.

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