Czech Republic: CNB Demonstrates Optimism

BusinessEconomy ♦ Published: February 7, 2014; 15:36 ♦ (Vindobona)

The Czech National Bank has revised the economic outlook. Domestic demand remains is expected to remain weak.

Czech Republic: CNB Demonstrates Optimism / Picture: ©

This year, the Czech Republic will definitively leave the recession behind, the Czech National Bank reported. According to the recent forecast, the Czech GDP will grow by 2.2% this year. Next year, the Czech economy is expected to expand by 2.8%.

Compared to the prior forecast from November 2013, this is a substantial increase. Three months ago, the Czech National Bank has…