Czech Economy Recovers Slowly

BusinessEconomy ♦ Published: April 5, 2014; 19:15 ♦ (Vindobona)

In 2013, the Czech GDP was down for the second consecutive year. This year, the Czech economy is expected to expand by 1.4%.

Czech Economy Returns to Growth / Picture: ©


Due to austerity cuts and a decrease in foreign direct investments, the Czech economy registered a double-dip recession. According to first estimations, the Czech economic output decreased by 0.9% in 2013. However, the trend reversal already began in late 2013. In the fourth quarter, the Czech economy returned to growth.

In the next few quarters, the decent growth will…