wiiw Current Analyses and Forecasts
The Czech Republic: Deeper in recession
in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 71-74
A deep recession in the country’s major export markets could have the most debilitating effect on the economy in the Czech Republic. Fiscal consolidation, which in all likelihood will continue in 2013, offers no promise of rapid recovery. Other risks do not seem serious. Monetary policy is unlikely to make irresponsible moves as long as the country’s banks, as well as the corporate non-financial and household sectors, are financially sound and resilient enough to withstand any conceivable ruptures.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Czechia, Visegrad countries