Komerční banka sees Czech GDP growth at 2.1% in 2026, 2.6% in 2027

• Komerční banka forecast Czech GDP growth of 2.1% in 2026, accelerating to 2.6% in 2027 despite an oil shock.
• Inflation seen averaging 2.1% in 2026, rising to 2.6% in 2027; inflation may briefly top 3% around year-end.
• Household consumption expected to rise 3.1% in 2026; fixed investment growth projected at 4.7%, keeping domestic demand the main driver.
• CNB policy seen staying restrictive; 2W repo rate forecast to average 3.6% in 2026, 3.8% in 2027; koruna at 24.3 CZK/EUR, 23.9.
• Budget cash deficit projected at CZK 310 billion in 2026, widening to CZK 360 billion in 2027; public finance deficit seen at 2.8% of GDP, 3.2%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Komercní banka a.s. published the original content used to generate this news brief on July 30, 2026, and is solely responsible for the information contained therein.