Czech Republic

The economy has finally recovered from unnecessary fiscal consolidation. With low levels of public and private debt and growth-friendly monetary and fiscal policies, continuing recovery in 2015-2017 seems assured. But the growth speed-up can be gradual as fixed investment (especially in housing) is unlikely to expand at a very high rate. It will take some time before investment enters a path of fast and sustained growth. Also, uncertainties persist concerning the performance of foreign trade.

map Czech Republic
        FORECAST*
Main Economic Indicators201220132014201520162017
Population, 1000 persons.105111051410534...
GDP, real change in %-0.9-0.52.02.62.42.4
GDP per capita (EUR at PPP)217002160022500...
Gross industrial production, real change in %-0.8-0.15.0...
Unemployment rate - LFS, in %, average7.07.06.15.85.55.3
Average gross monthly wages, EUR997964930...
Consumer prices, % p.a.3.51.30.40.41.51.5
Fiscal balance in % of GDP-3.9-1.2-2.0...
Public debt in % of GDP44.645.142.6...
Current account in % of GDP-1.6-0.50.6-1.0-1.2-1.5
FDI inflow, EUR mn734855443679...
Gross external debt in % of GDP60.363.566.6...


Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.

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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

Details

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THE CZECH REPUBLIC: Second dip left behind

Leon Podkaminer
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 57-58
Details and Buy


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