The Czech economy is likely to slow to 2.6 percent according to a new study by the European Commission. It writes that this would represent only a slight cooling off from last year’s 2.9 percent growth in GDP, but as recently as February, the EC had anticipated the pace of growth to remain steady. At the same time, it’s reduced its prognosis for the entire European Union and anticipates a further slowing of the Czech economy in 2020 to just 2.4 percent growth. On the jobs front, it sees little change, with unemployment likely to rise only negligibly from 2.3 to 2.4 percent. The average rate of unemployment in Eurozone is far higher, but the EC predicts it will fall to 7.7 percent this year and to 7.4 percent enxt year.
