E&Y sees Czech economic growth slowing to 2% in 2011.

By bne IntelliNews October 25, 2011
Czech economic growth is expected to ease to 2% this year from 2.7% in 2010, consultancy Ernst&Young said in its Rapid Growth Markets Forecast. The Czech Republics economy will grow at a rate well below the 6.2% average for the 26 countries included in the forecast. E&Y expects foreign demand, which is the main driver of the Czech economy, to decline in the second half of the year. GDP growth is to slightly speed up to 2.1% next year and a more substantial rise is forecast for 2013 when the countrys economy is to expand by 3.4%. In the following two years the growth rate is to again ease to 3.1% in 2014 and to 2.8% in 2015.
E&Y forecasts for the Czech Republic
2011 2012 2013 2014 2015
Real GDP growth (%) 2 2.1 3.4 3.1 2.8
CPI (%) 1.8 3 2.7 2.6 2.5
Current account balance (% of GDP) -2.9 -2.3 -2.4 -2.8 -2.8
External debt total (% of GDP) 43.5 44.3 46.8 49.6 50.5
Short-term interest rate (%) 1.2 1.4 3.4 4.1 4.1
Government balance (% of GDP) -4.4 -3.8 -3.4 -2.9 -2.4
Source: E&Y Rapid Growth Markets Forecast
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