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The year 2002 in the czech economy: a slowdown?

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Author Info

  • Kamil Janáček
  • Eva Zamrazilová

Abstract

Economic growth continued despite overall slowdown of world economy in 2001, due to strong domestic demand. Inflationary pressures remained under control as well as external imbalance. Czech exporters proved to be able to compete on demanding world markets even under weak demand and strong exchange rate of CZK. Strong inflow of FDI and solid macroeconomic fundamentals have been the main factors behind the strengthening of the Czech currency which seems to be resistant to monetary policy steps. Trends in the Czech economy in 2002 will be strongly determined by the timing and intensity of economic recovery in the US and Western Europe. Anyway, both parts of domestic demand - investment demand and private demand of households - are expected to continue in solid growth in 2002.

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Bibliographic Info

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

Volume (Year): 2002 (2002)
Issue (Month): 3 ()
Pages:

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Handle: RePEc:prg:jnlpol:v:2002:y:2002:i:3:id:362

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Related research

Keywords: economic growth; inflation; investment demand; consumer demand; world economic recovery; foreign direct investments;

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