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Česká ekonomika v roce 1998: možnosti a rizika
[Czech economy in 1998: risks and challenges]


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


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.

Suggested Citation

  • Kamil Janáček & Martin Čihák & Marie Frýdmanová & Tomáš Holub & Eva Zamrazilová, 1998. "Česká ekonomika v roce 1998: možnosti a rizika
    [Czech economy in 1998: risks and challenges]
    ," Politická ekonomie, University of Economics, Prague, vol. 1998(3).
  • Handle: RePEc:prg:jnlpol:v:1998:y:1998:i:3:id:229

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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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