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Czech News in English » Business » CBA: GDP to grow 4.2%, unemployment to drop

CBA: GDP to grow 4.2%, unemployment to drop

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The remainder of 2015 will be characterised by economic growth driven primarily by strong investment demand, the Czech Banking Association (CBA) argues in its macroeconomic prediction. GDP growth rate is estimated at 4.2% in 2015 and 2.5% in 2016. The average share of unemployed persons will reach 6.5% in 2015 and drop to 6.0% in 2016, according to the prediction. Inflation is estimated at 0.5% in 2015, with acceleration to 1.3% foreseen for 2016.


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