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Czech economy in 1998: risks and challenges

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  • Kamil Janáček
  • Martin Čihák
  • Marie Frýdmanová
  • Tomáš Holub
  • Eva Zamrazilová

Abstract

Characteristic for 1997 was a significant slowdown of Gross Domestic Product (GDP) growth: within the first three quarters, GDP grew by 1.1 %, and our estimate for the whole year is 1.4 %. At the same time 1997 was a turning year with respect to some components of Gross Domestic Product. The growth rate of household consumption decreased substantially (by almost one half). After three years of very dynamic, double-digit growth of gross fixed capital formation, in 1997 investment in fixed capital was falling (a decrease of almost 5%). Government consumption practically stagnated. Growing exports were among the main components of GDP growth, especially in the second halt of 1997.

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Bibliographic Info

Article provided by University of Economics, Prague in its journal Prague Economic Papers.

Volume (Year): 1998 (1998)
Issue (Month): 2 ()
Pages:

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Handle: RePEc:prg:jnlpep:v:1998:y:1998:i:2:id:148

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Cited by:
  1. Lefley, Frank & Wharton, Frank & Hajek, Ladislav & Hynek, Josef & Janecek, Vaclav, 2004. "Manufacturing investments in the Czech Republic:: An international comparison," International Journal of Production Economics, Elsevier, vol. 88(1), pages 1-14, March.

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