PRAGUE, April 10 (Xinhua) -- Despite a 0.3 percent drop in the Czech Republic's gross domestic product (GDP) in 2023, the country's economy is expected to grow by 1.4 percent this year, the country's Ministry of Finance said on Wednesday.
In its April macroeconomic forecast, the ministry said new growth is mainly due to renewed increase in household consumption and a softer decline in gross capital formation. In 2025, GDP is predicted to grow by 2.6 percent on the back of stronger momentum in all components of domestic demand and more favorable economic developments abroad.
