May 12, 2020 / 1:52 PM / 15 days ago

Czech economy seen dropping 7.6% in 2020 before rebound -finance ministry survey

PRAGUE, May 12 (Reuters) - The Czech economy is expected to shrink by 7.6% in 2020 due to the coronavirus outbreak before seeing a 5.8% rebound in 2021, according to the average forecasts of 13 state institutions and commercial banks compiled in a Finance Ministry survey.

Forecasts ranged from a 5.6% drop this year, given by the Finance Ministry, to a contraction of up to 11.0%.

Reporting by Jason Hovet

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