Showing 1 - 10 of 11
In 2004, the Czech economy continued in solid growth. Slight acceleration of economic growth was driven in particular by strong investment demand and improving performance of the foreign trade with goods. On the other hand, due to slowdown in real wages, consumer demand weakened. 2004 was the...
Persistent link: https://www.econbiz.de/10005036498
In 2003, the economic growth moderately accelerated. The main factor of this acceleration was massive household consumption accompanied by the revival of fixed capital formation. Gradual narrowing of the gap between consumer and investment demand was one of major achievements of 2003, supporting...
Persistent link: https://www.econbiz.de/10005036555
Characteristic 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...
Persistent link: https://www.econbiz.de/10005258020
Czech GDP growth in 1996 failed to reach the rates expected by most domestic and foreign experts and institutions. Compared to initial forecasts which ranged between 5.0 and 5.5 %, the actual growth of real GDP fell short by roughly 1 percentage point: we expect the final GDP growth figure to be...
Persistent link: https://www.econbiz.de/10005256859
Sluggish growth of GDP in 1997 was replaced by a decline of roughly 2 % in 1998. The main factor of the recession was a depression of almost all the components of domestic demand, mostly as a consequence of 1997 restrictive policy measures. One of the few positive developments was consolidation...
Persistent link: https://www.econbiz.de/10005256877
The aim of the present study is, firstly, to organize existing theoretical approaches to the explanation of inflation in the Czech Republic. Secondly to investigate to what extent the rate of inflation in the Czech Republic was determined by the growth of the money stock and to what extent by...
Persistent link: https://www.econbiz.de/10005256882
Gross domestic product continued to grow in 2002, faster than in the economies of most of the Czech Republic's major partners, albeit at a slower pace than in 2001. The major driving force of economic growth was private consumption, followed by government consumption. Investment demand...
Persistent link: https://www.econbiz.de/10005256895
Domestic demand, especially private household consumption and fixed capital investment was the main engine of continuing economic growth. At the same time, strong domestic demand did not provoke regular inflationary pressures. Inflation has stopped to be a threat of macroeconomic stability since...
Persistent link: https://www.econbiz.de/10005256897
The paper contains an analysis of the current trends in the Czech economy, and a short-term outlook for 2000. The authors claim that the economy is going through a gradual turn from recession to stagnation and to a slight recovery. The main factors of the turn toward revival are exports,...
Persistent link: https://www.econbiz.de/10005256931
During 1995 the Czech Economy showed robust economic growth - faster than expected by most domestic and foreign forecasts. Inflation decreased further, reaching a one-digit figure for the first time since the start of the 1990s. Unemployment rate went down during 1995, while the number of...
Persistent link: https://www.econbiz.de/10005256935