Continued economic growth ahead

The Czech economy will grow by almost 4% in the next two years. Economic activity will thus return to pre-pandemic levels at the end of 2022. The EU economy is projected to keep expanding over the forecast horizon, achieving a growth rate of 5.0%, 4.1% and 2.5% in 2021, 2022 and 2023 respectively.
At the end of 2021, the state budget deficit rose to CZK 419 bn.

Clare Sheils summarizes the major events of 2021.

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