The last fifteen years of economic policy
The Klaus government adopted free-market measures and launched a shock therapy. Initially good, the performances were degraded after 1996. - The social-democrats engaged basic reforms, which gave good foundings to the Czech economy.
Weaknesses : The level of economic activity depends on the main trading partners (Germany with more than a 1/3 of the total trade, then Slovakia, Austria and the USA)
Main economic indicators for the Czech Republic
| 2011 | 2012 | 2013 | 2014 (f) | |
| GDP growth (%) | 1.8 | -1.0 | -0.9 | 2.1 |
| Inflation (yearly average) (%) | 1.9 | 3.5 | 1.4 | 1.2 |
| Budget balance (% GDP) | -3.3 | -4.4 | -1.5 | -2.0 |
| Current account balance (% GDP) | -2.9 | -2.4 | -1.2 | -0.5 |
| Public debt (% GDP) | 41.0 | 45.7 | 47.9 | 46.9 |
(f) Forecast
Source: Coface.com
Related articles
Statistics for the Czech republic
The finance sector in the Czech Republic
To go further
cnb.cz - Czech National Bank
mfcr.cz - Czech Ministry of Finance
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