Czech economy is expected to gain 2 percent, according to the spring forecast of the European Commission (EC). That’s an improvement on the commission’s earlier prediction from February when it foresaw 1.8 percent growth. It went on to say it expected Czech GDP to rise to 2.4 percent in 2015. Public finances are still in order, with foreseen budget deficit of 1.9 percent expected to rise in 2015 to 2.4 percent.
Exports and improved consumer spending will drive growth, according to the EC, boosted by low inflation, increase in real wages and an improving jobs outlook. Inflation will likely stay below 1 percent until 2015, when it should rise again to 1.8 percent in 2015.
