Expectations revised

February 2005
Emerging Europe Monitor: Central Europe & Baltic States;Feb2005, Vol. 12 Issue 2, p7
Country Report
Country Report
The article provides information about the economic condition of Czech Republic. Although comparatively weak growth in the third quarter of 2004 undoubtedly points towards a deceleration of the economy, there are a number of factors that suggest that the slowdown is not as severe as indicated by the headline figures. The structure of growth also gives cause for optimism about the Czech economy's growth prospects. To the extent that the slowdown was not the result of statistical factors, it primarily reflected cutbacks in consumption expenditure. The article states that capital spending would improve the potential capacity of the Czech economy, facilitating higher levels of non-inflationary output growth in the medium term.


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