Czech Economic Outlook Improves Slightly

BusinessEconomy ♦ Published: October 23, 2013; 19:19 ♦ (Vindobona)

Next year, the Czech economy will expand for the first time since 2011, economists say.

Czech Economic Outlook Improves Slightly / Picture: ©

Due to the austerity policy, the weak consumption and the unfavorable economic frame conditions, the Czech economy contracted for six consecutive quarters. Due to the economic acceleration in the Eurozone, the Czech economy is expected to return to growth. In summer, the Czech Republic showed the first signs of recovery.

According to economists of Erste Group, the Czech economy…