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Czech Republic: Recession Is Not Managed Yet

Published: September 26, 2013; 19:17 · (Vindobona)

This year, the Czech GDP is expected to contract by 1.1%, the Czech Ministry of Finance forecasts.

Czech Republic: Recession Is Not Managed Yet / Picture: © Flickr

In the last two years, the Czech economy was suffering from a slack in consumption and the sharp austerity policy. Now, according to the Czech Ministry of Finance, the macro-economic frame conditions give reason for hope. Although domestic demand is still weak, the Czech Republic has passed the low. Next year, the Czech Republic will have left the recession behind, the Ministry…

This article includes a total of 123 words.

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