Czech Republic Eases Austerity Policy

Politics ♦ Published: March 5, 2013; 15:53 ♦ (Vindobona)

In order to boost economic growth, the Czech government tends to refrain from the strict austerity course.

Czech Republic Eases Austerity Policy / Picture: ©

After more than five quarter of negative economic growth rates in a row, the Czech government wants to return to economic growth. Last year, the Czech GDP was down by 1%. This year, economists expect the Czech Republic to stagnate. In order to accelerate the turnaround, the Czech government decided to relax the austerity policy of the last years.

According to economists, the…