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Czech National Bank: Recession Goes On in 2013
According to CNB, the country has not overcome the crisis yet. This year, the Czech GDP will fall by 0.3%.
Czech National Bank: Recession Goes On in 2013 / Picture: © Vindobona.org
2013 will not be as hard as 2012, but the recession goes on, CNB reports. After a negative growth rate of 1.0% last year, the expected growth rate comes at -0.3%. Next year, the Czech economy is expected to return to growth, however. The forecasted economic growth rate in 2014 comes at 2.1%. The inflation rate is expected to decrease slightly. In 2014, the anticipated inflation rate is…
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