IMF downgrades Czech economic growth forecast

The International Monetary Fund (IMF) has downgraded its growth forecast for the Czech economy for this year and next. According to its latest forecast, Czech GDP will grow by 1.8 percent this year, with growth expected to pick up slightly to 1.9 percent in 2027. In its spring forecast, the IMF had projected growth of 2.2 percent in both years.

Czech inflation rose to 2.5 percent in September

Consumer prices in the Czech Republic rose by 2.5 percent year on year in September, up from 1.9 percent in August, according to data released by the Czech Statistics Office. The increase was driven mainly by higher fuel prices. Compared with August, consumer prices remained unchanged.

Tram disruptions in central Prague due to track repairs

Tram services have been suspended across part of central Prague as the city's public transport operator (DPP) carries out track repairs in Spálená and Národní streets and on Vítězná Street near Újezd. The disruption affects the section between the Újezd and Lazarská stops. No replacement bus service has been introduced. The works are scheduled to continue until Monday, August 10.