RaboResearch - Economic Research

Country Report

Country Report Czech Republic

Reflecting close business cycle synchronicity with the euro area and fiscal consolidation at home, the Czech economy contracted by 1.2% last year. Yet, thanks to ongoing fiscal prudence, the deterioration of public finances could be contained.

Country Report

Czech Republic (Country update)

The Czech Republic entered its second recession in three years. After the global financial crisis caused the economy to contract by 4.7% in 2009, it has failed to make a full recovery.