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
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more