Page 18 - CE Outlook Regions 2022

principles as the government's priority: accountability, legality, ethics,
professionalism, consistency, openness, transparency,
incorruptibility, impartiality and honesty.

According to the minister, one of the goals of the campaign is to
assure all employees that the interior ministry has mechanisms for
reporting anti-social activities, including corruption offences, and that
Slovakia has a system to protect whistleblowers.

Slovakia's Central Bank Governor Peter Kazimir has been facing
charges of receiving a bribe to secure political support for the
purchase of the e-Kasa IT system when he served as finance
minister. The case will be closely watched in 2022.

2.0 Macroeconomic Outlook

2.1 Macroeconomy - Czech Republic

Czech Republic key economic figures and forecasts

2016 2017 2018 2019 2020 2021 2022

Nominal GDP (EUR bn) 188.8 201.2 212.9 227.9 224.2 238.0 253.1
Real GDP (% yoy) 2.5 5.2 3.2 3.0 -5.8 3.2 4.2

Industrial output (% yoy) 2.9 6.2 3.0 -0.5 -8.0 4.8

Unemployment rate (avg, %) 4.0 2.9 2.2 2.0 2.6 3.0 2.7

Nominal industrial wages (% yoy)

Producer prices (avg, % yoy)

Consumer prices (avg, % yoy) 0.7 2.5 2.1 2.8 3.2 3.2 3.5

Consumer prices (eop, % yoy)

General government balance (% of 0.7 1.5 0.9 0.3 -5.6 -7.2 -4.4
GDP)

Public debt (% of GDP) 33.6 31.8 30.0 28.3 36.0 44.3

Current account balance (% of GDP) 1.8 1.5 0.4 0.3 3.6 1.1 0.5

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