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Czech Republic: Finance Ministry Worsens Economic Outlook

Published: April 16, 2013; 13:14 · (Vindobona)

In an updated macroeconomic forecast for the economic development, the Czech Finance Ministry deteriorated the country’s outlook.

Czech Republic: Finance Ministry Worsens Economic Outlook / Picture: © Vindobona.org

The Ministry estimates stagnation for 2013 and a slight growth of 1.2 % for the following year. In January it still predicted a marginal growth rate of 0.1 % for this year and a rise of 1.4 % for 2014.

According to the Ministry’s spokesman Ondrej Jakob, the outlook for the Czech Republic may even worsen further as the main risk is the Eurozone. The Czech economy is dependent on…

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