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Czech economy in 2001: catching up again?

Kamil Janáček, Eva Zamrazilová and Vladimír Tomšík

Prague Economic Papers, 2001, vol. 2001, issue 2

Abstract: Economic growth was higher than expected in 2000. While in 1999 the upturn of Czech economy was driven mainly by exports, in 2000 domestic demand have taken over the role of main pro-growth factor. Czech industry showed great progress in 2000: rapid growth was accompanied by ongoing restructuring. Growth of labour productivity in industry outpaced increase of real wages almost four times, which helped Czech exporters to compete on demanding foreign markets even under strong exchange rate of CZK. Rapid growth of labour productivity and construction also prevented Czech economy from cost-inflationary pressures.

Keywords: Czech economy; economic growth; investment and consumer demand; external balance; public finance (search for similar items in EconPapers)
Date: 2001
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