The Czech Republic has been among the EU’s top budget performers, running overall fiscal surpluses in the past two years on the back of an economic boom and a fall in unemployment to under 3 per cent – the lowest level in the bloc. So why is the government now looking to run deficits at a time of slowing growth?
Czech farmers are predicting a significant slump in the hop harvest this year, caused by the unusually hot weather and lack of rain. Hop production is expected to drop despite the fact that the overall area of hop fields expanded by 81 hectares in 2018. Last year, farmers harvested over 6,700 tonnes of hops, which was slightly above the average.