 THE CZECH ECONOMY IN THE UPPER ECHELON OF THE EU MEMBER STATESOdette Marinache Euroinfo, 2017, vol. 1, issue 7-8, 59-68 Abstract: The Czech Republic’s economy has witnessed a sharp decrease in its growth rate in 2016 compared to the previous year, due mainly to weak investment activity. Private consumption, supported by a booming labour market, has been the main factor contributing to GDP growth in 2016. According to projections for the 2017-2018 period, domestic demand will continue to be the main driver of growth due to a recovery in productive investment, public consumption and private consumption. The public debt of the Czech Republic is expected to remain among the lowest in the European Union. Similarly, the unemployment rate is likely to continue its downward trend in the context of a strong demand in the labour market.Beyond the analysis of the Czech Republic’s macroeconomic indicators, we also highlight in this article a series of measures for the growth of employment and social inclusion, which have been successfully applied in recent years. The quality of governance is reflected, among other, by the unemployment rate which recorded the lowest level in the European Union in 2016 and a poverty rate that continued to rank among the lowest in the 28 Member States. Keywords: The Czech Republic; GDP; unemployment rate; inflation; general government gross debt (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iem:eurinf:v:1:y:2017:i:7-8:p:59-68 Access Statistics for this article Euroinfo is currently edited by Simona Moagar Poladian, PhD More articles in Euroinfo from Institute for World Economy, Romanian Academy Contact information at EDIRC. |
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