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Rok 2002: desinflace v české ekonomice
[Year 2002: disinflation in czech economy]

Author

Listed:
  • Kamil Janáček
  • Eva Zamrazilová

Abstract

Slowdown of economic growth occurred as a consequence of overall European slowdown in 2002. The most reliable factor of Czech GDP growth has become private demand of households. The acceleration of Czech economic growth will be strongly determined by the timing and intensity of economic recovery in Western Europe which has been postponing ever since. Strong disinflation processes pressed the inflation rate to record low levels in the history of transition. At the same time, strengthening of CZK continued in the first half of the year with an upturn in mid-2002. Later on, Czech monetary policy succeeded to stop the appreciation, CZK returning back to the level from the beginning of the year.

Suggested Citation

  • Kamil Janáček & Eva Zamrazilová, 2003. "Rok 2002: desinflace v české ekonomice
    [Year 2002: disinflation in czech economy]
    ," Politická ekonomie, University of Economics, Prague, vol. 2003(3).
  • Handle: RePEc:prg:jnlpol:v:2003:y:2003:i:3:id:406
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    More about this item

    Keywords

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

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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