Czech Republic

The country’s currency has been re-floated and consequently strengthened as expected. External trade performs satisfactorily all the same. Under the impact of faster growth in wages, employment and household incomes, real growth has been accelerating. Deflationary tendencies have stopped – a mild inflation is expected. However, the domestic private sector’s fixed investment has yet to recover. Political turmoil is leading to early elections (in autumn). Sound fiscal policy will continue.

map Czech Republic
        FORECAST*
Main Economic Indicators201420152016201720182019
Population, 1000 persons105251054610566...
GDP, real change in %2.75.32.62.72.72.4
GDP per capita (EUR at PPP)238002540025700...
Gross industrial production, real change in %5.04.63.5...
Unemployment rate - LFS, in %, average6.15.14.03.93.83.6
Average gross monthly wages, EUR9369751020...
Consumer prices, % p.a.0.40.30.61.62.02.0
Fiscal balance in % of GDP-1.9-0.60.6...
Public debt in % of GDP42.240.036.8...
Current account in % of GDP0.20.21.10.60.20.1
FDI inflow, EUR mn610115215875...
Gross external debt in % of GDP69.670.274.0...


Basic data are continuously updated.

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

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Monthly Report No. 7-8/2017

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2017
27 pages including 1 Table and 2 Figures

Details

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CZECH REPUBLIC: Close to full employment, growing moderately

Leon Podkaminer
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 65-68
Details and Buy


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