The forecasting panel of the Czech Banking Association (CBA), which brings together the chief economists of leading Czech banks, expects stronger growth of 2.5% this year, with a slight slowdown of a more technical nature to 2.2% in 2026. For the newly included year 2027, we expect a return to a more brisk 2.6% growth. The improvement in the outlook for this year and next year (by 0.4 and 0.2 percentage point, respectively) reflects the resilience of the Czech economy, supported by higher wage growth, government investment, the de-escalation of tariff disputes and, to some extent, the expected looser fiscal policy. The recovery in investment activity will also have a positive impact next year, also thanks to the return of stronger corporate lending activity in recent months.
Source of primary data
CZSO, CBA
Note
"Actual" and "CBA forecast" represent the full-year average and "actual ytd" is the average for the year to date. Data adjusted for working day differences and seasonal effects. The dashed line "middle band of 25-75% forecasts" represents the middle half between the 25th and 75th percentile of all forecasts in the CBA consensus.