IDEAS home Printed from https://ideas.repec.org/a/iem/eurinf/v1y2017i7-8p59-68.html
   My bibliography  Save this article

The Czech Economy In The Upper Echelon Of The Eu Member States

Author

Listed:
  • Odette Marinache

Abstract

The Czech Republic’s economy has witnessed a sharp decrease in its growth rate in 2016 compared to the previous year, due mainly to weak investment activity. Private consumption, supported by a booming labour market, has been the main factor contributing to GDP growth in 2016. According to projections for the 2017-2018 period, domestic demand will continue to be the main driver of growth due to a recovery in productive investment, public consumption and private consumption. The public debt of the Czech Republic is expected to remain among the lowest in the European Union. Similarly, the unemployment rate is likely to continue its downward trend in the context of a strong demand in the labour market.Beyond the analysis of the Czech Republic’s macroeconomic indicators, we also highlight in this article a series of measures for the growth of employment and social inclusion, which have been successfully applied in recent years. The quality of governance is reflected, among other, by the unemployment rate which recorded the lowest level in the European Union in 2016 and a poverty rate that continued to rank among the lowest in the 28 Member States.

Suggested Citation

  • Odette Marinache, 2017. "The Czech Economy In The Upper Echelon Of The Eu Member States," Euroinfo, Institute for World Economy, Romanian Academy, vol. 1(7-8), pages 59-68, July.
    • Handle: RePEc:iem:eurinf:v:1:y:2017:i:7-8:p:59-68
    as

    Download full text from publisher

    File URL: http://iem.ro/rem/index.php/euroinfo/article/view/589/674
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    The Czech Republic; GDP; unemployment rate; inflation; general government gross debt;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • F10 - International Economics - - Trade - - - General
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iem:eurinf:v:1:y:2017:i:7-8:p:59-68. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ionela Baltatescu (email available below). General contact details of provider: https://edirc.repec.org/data/imacaro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.