The Czech economy has visibly benefited from strong ties with Germany over the past five years. The German economy grew on average by 1.8%, which is significantly more than in the previous decade (1.1%). That is why it was the driving force behind the growth of the entire euro area - contributing to its performance by about one third. But the favorable climate in Germany is getting worse. We assume that growth in the coming years will be much slower and will have problems overcoming 1%. And that will have its consequences in the Czech Republic.
More information in the attached press release (in Czech language only).