Czech Republic Remains in Recession

BusinessEconomy ♦ 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: ©

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…