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Czech Republic: Economy still Down. Hopes are Up.

Published: March 4, 2013; 18:10 · (Vindobona)

Specialists, despite of the current situation, predict slight economic growth for 2013 after year of recession.

Czech Republic: Economy still Down. Hopes are Up. / Picture: © Czech National Bank

On Feburary 22, the EU commission has downgraded economic growth for the 17 eurozone member states. The commission expected the eurozone economies would shrink by  - 0.3 % this year, in contrast to a previous forecast of 0.1 % growth. The Czech Republic is affected in the same negative way since it has been going trough one of the worst recesscions.

"We are, or at least we think…

This article includes a total of 320 words.

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