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Czech Republic

Author

Listed:
  • Andreea-Emanuela Drăgoi

Abstract

Since 2004, the year of its accession to the European Union, and until 2009, the year of the international economic crisis, the Czech economy registered a sustained growth. By 2009, the GDP rate fell sharply (-4.5%) and the Czech economy has not performed at a comparative level with the one registered during the previous years. Prudent economic measures (budgetary and financial austerity) implemented by the Czech authorities in 2012 have led to avoiding the economic recession in this Member State. In what follows, we propose an analysis of the evolution of the main macro-economic indicators of the Czech Republic in 2012, highlighting also Czech economy prospects in 2013 and outlining possible scenarios for resumption economic growth.

Suggested Citation

  • Andreea-Emanuela Drăgoi, 2013. "Czech Republic," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2013:id:2822000009562051
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