wiiw Current Analyses and Forecasts
The Czech Republic: Fragile recovery
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The economy has remarkable buffers that permit the active pursuit of a more expansionary fiscal policy.
Under these conditions, the quest for fiscal consolidation and a certain passiveness on the monetary front affords the economy still greater insulation from fiscal risks and those posed by monetary instability, yet leaves it at the mercy of foreign trade developments.
Growth could accelerate in 2011 as fiscal policy will probably relax.
Countries covered: Visegrad countries, Czech Republic