PRAGUE, March 4 (Xinhua) -- The Czech economic growth is set to pick up in 2025 to reach 2.1 percent, compared to last year's 1 percent, according to a report released by the Organization for Economic Cooperation and Development (OECD) here on Tuesday.
The country's headline inflation will continue to fall to 2.3 percent in 2025, according to the report.
Despite this positive outlook, downside risks remain, the report warned.
"Geopolitical tensions could hike energy prices and disrupt supply chains. A more persistent slowdown among trade partners, especially in Germany, or rising trade barriers would weigh on Czechia's export-oriented economy," it said.
"Improving educational outcomes for all students and expanding opportunities to reskill and upskill workers as well as boosting innovation and business dynamism will be key to reinvigorating Czechia's economic growth," OECD Secretary-General Mathias Cormann said, when presenting the report in Prague alongside Czech Prime Minister Petr Fiala.
"Fiscal consolidation should continue in the medium-term to rebuild fiscal buffers and prepare for long-term spending pressures, including population aging and the green transition," said Cormann. Enditem
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