"Czech Republic Country Risk Report Q2 2016" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Thu Mar 31 2016

Economic growth in the Czech Republic will stay strong in the coming years and amount to 2.6% in 2016 and 2.4% in 2017.

The largest contributor to GDP growth will continue be private consumption (1.4 percentage points in 2016). Strong wage growth will continue to underpin private consumption's share of the economy.

We are forecasting the budget deficit will stay under 2.0% of GDP in 2016 and 2017 and overall government debt will fall below 45.0% of GDP in the coming years.

The Czech Republic's trade surplus will swell to 8.0% of GDP in 2016 and the country's current account will stay relatively balanced in the years ahead.

Full Report Details at
- http://www.fastmr.com/prod/1132583_czech_republic_country_risk.aspx?afid=301

Stronger inflation will return to the Czech Republic in 2016, for when we forecast price growth to accelerate to the central bank's target of 2.0%.

We expect the Czech National Bank to keep interest rates at 0.05% and leave the koruna cap of CZK27.00/EUR in place in 2016 and 2017.

Changes To Forecasts:

We adjusted our GDP growth forecasts for the Czech Republic slightly downwards for 2016 and 2017, due to rising import receipts, as households are increasingly demanding higher value goods from abroad. We expect the economy to expand by 2.6% in 2016 (instead of 3.4%) and by 2.4% in 2017 (instead of 3.2%).

Key Risks:

Wage rises and increasing labour unit costs will erode the Czech Republic's cost advantage over its more developed regional peers, such as Austria and Germany, in the medium term.

The economic slowdown in China and potentially in Germany will have negative implications on the Czech manufacturing and export sectors.

Assess your risk exposure in Czech Republic with our 100% independent forecasts assessing the pace and stability of this key market. Backed by trusted data from BMI Research's 52 million data point economic forecast model, this report will allow you to measure political, economic, business environment and operational risks in Czech Republic with confidence.

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Contact Name: Bill Thompson
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