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Czech Republic: GDP to Contract Less Drastically
The year-on-year decrease of the gross domestic product in 2012 has been refined to 0.9% against the up-to-now published 1.2%.
Czech Republic: GDP to Contract Less Drastically / Picture: © Vindobona.org
In the last two years, the Czech economy was suffering from a slack in consumption and the sharp austerity policy. Now, the macro-economic frame conditions give reason for hope. Although domestic demand is still weak, the Czech Republic has passed the low. Retail sale figures, industrial orders and purchasing manager indices indicate a visible upward trend. In the last…
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