Czech Growth to Speed Up

Politics ♦ Published: March 24, 2014; 12:13 ♦ (Vindobona)

Due to the increase in foreign demand, the advisory company EY expects the Czech economy to revive this year.

Czech Growth to Speed Up / Picture: © Wikimedia Commons / [Public Domain]

According to EY, the Czech economy will grow by 2.5% in 2014. Due to the massive foreign exchange interventions, the key driver of growth is foreign demand. EY underlined that the weaker crown has supported the Czech competitiveness. Besides that, the fiscal policy is less tense.

In the following years, the Czech GDP is anticipated to grow by 3.0%. In view of the rapid growth…