Czech Economy to Return to Growth

Politics ♦ Published: January 2, 2014; 23:27 ♦ (Vindobona)

After two years of GDP contraction, the Czech Republic will reach moderate economic growth rates in 2014.

Czech Economy to Return to Growth / Picture: ©

In the last years, the Czech austerity program has put substantial pressure on economic growth. Due to the global recovery and the change in the government´s fiscal policy, the Czech economy is expected to leave the recession behind.

According to analysts, the Czech unemployment rate will remain above 7.0%

Despite the excessive monetary ease, the inflation rate is…