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INFLATION IN THE CZECH REPUBLIC NEXT YEAR

Inflation in the Czech Republic next year:

Inflation in the Czech Republic is expected to fall next year, although it will fall short of the CNB's 2% target.

Impact of low price growth on wages:

Low consumer price growth is expected to lead to a recovery in real wage growth.

Economic recovery after the downturn:

This increase in wages could have a positive impact on the economy and bring a slight recovery after this year's full-year contraction.

Tight labour market:

The labour market situation will remain tight.

Unemployment expectations:

Nevertheless, unemployment is not expected to rise dramatically.

Forecast basis:

This forecast is based on analyses carried out by the Ministry of Finance, the CNB and experts interviewed by CTK.



What exactly does it mean that the labour market situation will remain tight?

To put it in the context of unemployment.

Thanks