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Czech Republic

Author

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  • Andreea-Emanuela Dragoi

Abstract

After a short recovery (in 2010) the economy of the Czech Republic has experienced a setback in 2012, with a GDP growth of only 1.7 %. This trend highlights the fragility of the recovery of both production and investments after the strong recession experienced by this country in 2009. Our article aims at analyzing the evolution of Czech Republic main macro-economic indicators, as well as presenting the key factors that lead to its economic downturn. At the end of our analysis we will highlight some conclusions on the 2013 prospects for the Czech economy. In our opinion, the pessimistic forecasts of the main international organizations (IMF, OECD and European Commission) are linked to the weak growth of both exports and domestic demand, amid an austerity program focused on public spending reduction (adopted by the Czech government in March 2012).

Suggested Citation

  • Andreea-Emanuela Dragoi, 2012. "Czech Republic," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2012:id:2822000009566003
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