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Czech Economy in 1998: Risks and Challenges

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Author Info
Kamil Janáček
Martin Čihák
Marie Frýdmanová
Tomáš Holub
Eva Zamrazilová

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Abstract

Characteristics 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 half of 1997.

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Publisher Info
Article provided by University of Economics, Prague in its journal Politická ekonomie.

Volume (Year): 1998 (1998)
Issue (Month): 3 ()
Pages:
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Handle: RePEc:prg:jnlpol:v:1998:y:1998:i:3:id:229

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