Survey: Economic optimism on rise amongst Czechs

2022 and the start of 2023 brought a great deal of concern around affordability and inflation for Czechs. But new data from the Czech Statistical Office shows that Czechs are feeling slightly more optimistic about their country’s economic situation, as Jiří Obst, head of its Business Cycle Surveys Unit explained to Radio Prague.

“The greatest increase in confidence about the economy is from consumers. For example, the share of households expecting a worsening of their overall economic situation in the Czech Republic for the next 12 months decreased compared to June. This is positive news.

“The number of households evaluating their current financial situation worsening also decreased over the last 12 months. Similarly to last month, the number of households fearing a worsening of their financial situation in the next 12 months also slightly decreased in July.

“So taken together, these are the positive pieces of information that have primarily caused the growth in confidence in the economy in July.”

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Author: Amelia Mola-Schmidt