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Rok 2002: desinflace v české ekonomice

Year 2002: disinflation in czech economy

Kamil Janáček and Eva Zamrazilová

Politická ekonomie, 2003, vol. 2003, issue 3

Abstract: Slowdown of economic growth occurred as a consequence of overall European slowdown in 2002. The most reliable factor of Czech GDP growth has become private demand of households. The acceleration of Czech economic growth will be strongly determined by the timing and intensity of economic recovery in Western Europe which has been postponing ever since. Strong disinflation processes pressed the inflation rate to record low levels in the history of transition. At the same time, strengthening of CZK continued in the first half of the year with an upturn in mid-2002. Later on, Czech monetary policy succeeded to stop the appreciation, CZK returning back to the level from the beginning of the year.

Keywords: economic growth; inflation; investment demand; consumer demand; world economic recovery; foreign direct investments (search for similar items in EconPapers)
JEL-codes: O11 O52 (search for similar items in EconPapers)
Date: 2003
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