Given the relatively low level of debt in the private sector and the growth-friendly monetary policy, a further moderate recovery should be forthcoming in 2016-2017 (with growth averaging 2.35%). However, the current expansion of infrastructural investment is not going to extend into the years ahead. Uncertainties also persist where the performance of foreign trade is concerned. Furthermore, growth might be seriously impaired, were the previous fiscal consolidation policy to be reintroduced.
|Main Economic Indicators||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||10511||10514||10525||.||.||.|
|GDP, real change in %||-0.9||-0.5||2.0||3.9||2.4||2.3|
|GDP per capita (EUR at PPP)||21800||21900||22900||.||.||.|
|Gross industrial production, real change in %||-0.8||-0.1||5.0||.||.||.|
|Unemployment rate - LFS, in %, average||7.0||7.0||6.1||5.5||5.5||5.4|
|Average gross monthly wages, EUR||997||964||930||.||.||.|
|Consumer prices, % p.a.||3.5||1.3||0.4||0.5||1.5||1.7|
|Fiscal balance in % of GDP||-4.0||-1.3||-2.0||.||.||.|
|Public debt in % of GDP||44.7||45.2||42.7||.||.||.|
|Current account in % of GDP||-1.6||-0.5||0.6||1.0||0.0||-1.0|
|FDI inflow, EUR mn||7348||5544||3679||.||.||.|
|Gross external debt in % of GDP||60.3||63.5||66.6||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
THE CZECH REPUBLIC: Benefiting from a positive demand shock
in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, November 2015 , pp. 73-76 Details and Buy
Monthly Report No. 7-8/2015
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2015
25 pages including 1 Table and 2 Figures