Article Tools

Czech Republic Remains in Recession

Published: December 5, 2013; 00:09 · (Vindobona)

The Czech economy continues to shrink. Above all, private consumption and investments are weak.

Czech Republic Remains in Recession / Picture: © Flickr

The Czech economy remains below expectations. In the third quarter of 2013, the Czech economy declined 1.3% from the third quarter of 2012. In 2013, the Czech economy will shrink for the second consecutive year. The recession is mainly due to the falling household consumption and the weakening investments.

One of the main problems of the Czech economy is the reluctance of private…

This article includes a total of 210 words.

or Log In

Fast News Search
Related News
Poland: Benchmark Rate Remains Unchanged (December 4, 2013)
Hungary: Economic Acceleration Takes Form (November 29, 2013)
CESEE: Slight Growth Acceleration, but Uncertainties Persist (November 28, 2013)
Wide Parts of CESEE Region Below Pre-Crisis Level (November 25, 2013)
Czech Budget Deficit Shrinks (November 23, 2013)
Read More
Czech Republic, GDP Gross Domestic Product, Economic Growth, Consumption, Austerity, Foreign Trade, Imports, Exports
Featured
Meet the Ambassador of the Czech Republic to Austria: H.E. Ms. Ivana Cervenková
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter