Article Tools

Czech Republic: GDP to Contract Less Drastically

Published: October 1, 2013; 21:10 · (Vindobona)

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: © Flickr

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…

This article includes a total of 223 words.

or Log In