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FinMin: Czech GDP to grow 2.7 %

In 2015 the gross domestic product of the Czech Republic will increase by 2.7 %. In 2016 the growth of the economy should slow to 2.5 %. The average inflation rate will in 2015 fall to 0.3 %, primarily due to low oil prices. The volume of salaries and wages will in 2015 increase by 3.9 % and in 2016 it will increase by 4.1 %. The government sector’s deficit for 2015 will increase to 2.0 % of GDP. The relative debt of the government sector should further drop to 41.3 % of GDP.