English, Article edition: CZECH ECONOMY AT THE TIME OF EU ENTRY Kamil Janáček; Kamil Janáèek; Eva Zamrazilová

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Bookmark: http://trove.nla.gov.au/version/197614
Physical Description
  • article
Language
  • English

Edition details

Title
  • CZECH ECONOMY AT THE TIME OF EU ENTRY
Author
  • Kamil Janáček
  • Kamil Janáèek
  • Eva Zamrazilová
Physical Description
  • article
Notes
  • labour market, investment demand, inflation, external balance, economic growth, consumer demand
  • RePEc:prg:jnlpep:v:2004:y:2004:i:3:id:239:p:195-216
  • In 2003, the economic growth moderately accelerated. The main factor of this acceleration was massive household consumption accompanied by the revival of fixed capital formation. Gradual narrowing of the gap between consumer and investment demand was one of major achievements of 2003, supporting the long-term sustainability of Czech economic growth. In 2003, both imports and exports accelerated, the trade deficit remaining at the same level as in 2002. Considering acceleration of Czech economic growth in 2003, stagnating level of trade deficit is favourable. The reason for continuously high current account deficit is growing deficit of income balance and declining surplus of service balance. The deficit of the current account in the last two years was not provoked by growing imports (as in the nineties), but has been predominantly the price for the massive foreign direct investment inflows in the past decade.
  • economic growth, labour market, inflation, external balance, investment demand, consumer demand
Language
  • English
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