Czech economy in 1998: risks and challenges
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.
Year of publication: |
1998
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Authors: | Janáček, Kamil ; Čihák, Martin ; Frýdmanová, Marie ; Holub, Tomáš ; Zamrazilová, Eva |
Published in: |
Politická ekonomie. - Vysoká Škola Ekonomická v Praze, ISSN 0032-3233. - Vol. 1998.1998, 3
|
Publisher: |
Vysoká Škola Ekonomická v Praze |
Saved in:
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