OECD Worsens Outlook for Czech Economic Growth This Year
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The Organization for Economic Co-operation and Development (OECD) has downgraded its growth outlook for the Czech economy this year to 1.9 percent, down from a two percent growth forecast in December. It said this in an updated outlook on Wednesday, citing the impact of expensive energy as a reason. It expects the growth rate to accelerate to 2.1 percent next year. Last year, the Czech economy grew by 2.6 percent.
Global economic growth will slow to 2.8 percent this year from 3.4 percent last year, the Organization for Economic Cooperation and Development (OECD) has predicted. It has lowered its growth estimate from 2.9 percent in its March forecast. According to the OECD, the conflict in the Middle East is having a negative impact on the global economy. The organization has also downgraded its outlook for domestic economic growth this year to 1.9 percent.
The Organization for Economic Co-operation and Development (OECD) has downgraded its growth outlook for the Czech economy this year to 1.9 percent, down from two percent in December. It said this in its updated outlook on Wednesday, citing the impact of expensive energy as a reason. It expects the pace to accelerate next year...
The Organization for Economic Co-operation and Development (OECD) has downgraded its growth outlook for the Czech economy this year to 1.9 percent, down from its December forecast of two percent growth. It said this in an updated outlook on Wednesday, citing the impact of expensive energy as a reason. It expects the growth rate to accelerate to 2.1 percent next year. Last year, the Czech economy grew by 2.6 percent.
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