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Czech economy on a way back to growth

Kamil Janáček, Martin Cihak (), Marie Frýdmanová, Tomas Holub () and Eva Zamrazilová

Prague Economic Papers, 2000, vol. 2000, issue 2

Abstract: 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, followed by private household consumption, while government consumption contributed only slightly to the increase of domestic demand. The authors see the main potential risk for the year 2000 in the need to stabilise economic growth and achieve its further acceleration. The success will mainly depend on a fast removal of financial barriers which the majority of Czech firms is now facing. Further inflow of foreign capital, growing competition pressures in the financial sector, the growth of exports, and a gradual increase of domestic demand are likely to help to overcome these barriers.

Keywords: Czech economy; economic growth; macroeconomic analysis; financial barriers (search for similar items in EconPapers)
Date: 2000
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