czech republic economic recovery continues
News Posted On: 10 June 2010
The Czech Republic economy continued its strong recovery in the first quarter according to the latest data from Eurostat. The figures show that Czech Republic gross domestic product (GDP) grew by the EU average of 0.2% in the first quarter, following a growth of 0.7% in the final quarter of last year, and 0.6% the quarter before.
This run of growth in Czech Republic GDP has led to the emerging market becoming one of the few countries in the EU to be back in positive growth territory on an annual basis; according to the figures Czech Republic GDP in the first quarter was 1.2% higher than a year ago.
According to analysts the Czech Republic's growth is down to export growth, and the fact that domestic demand has picked up sufficiently, not to drive growth but to reduce its detraction enough to allow growth. However, analysts also believe that exports could die down again as the Euro area economy is continually forced to tighten its fiscal belt.
Why does it appear that no one saw this coming? All these interest rate cuts and stimulatory measures will prove to have been pointless if the cut-backs needed to pay for them end up sending us into a second recession.
Digression over: the Eurozone is not the only importer of Czech goods, it can be hoped that exports to Asia and Latin America will expand fast enough to make any contraction in Eurozone demand less noticeable. Time will tell.
View Czech Republic property for sale
Back to news articles for this country
Latest Related News Articles in Czech-Republic
Optimism Returns to the Prague Property Market
2011-10-27
It looks as if optimism is returning to the residential property market in Prague, amidst a growing .....
Czech Republic Economic Recovery Continues
2010-06-10
Recovery in the Czech Republic economy has continued strongly into this year according to the latest.....
Czech Republic Industrial Output Increasing Says Eurostat
2010-04-20
The latest data from Eurostat shows Czech Republic industrial output growing on last year's figures,.....
Ex Soviet Bloc Property Investment Sees 300 Per Cent Jump
2010-01-22
A report released on Thursday by broker CB Richard Ellis (CBRE) showed that property market turnover.....
Property in Prague A Good Investment For 2010
2010-01-13
Prague is likely to see substantial commercial and retail property investment in 2010, which will fe.....
Czech Economic Growth and Commercial Property Sectors to Spur Residential Demand
2009-11-25
Growth in the Czech Republic commercial property sector will generate increasing demand for resident.....
Czech Republic Property to benefit from mortgage Comparison Site
2009-09-16
The owners of a Czech property portal have launched the first mortgage comparison site in the countr.....
Czech Republic Economy Restarts Growth on Increased Exports
2009-08-25
Apparently the Czech Republic was one of the several countries that popped their economic head out o.....
Property in the Czech Republic
2009-04-28
This article looks at the origins of the Czech Republic as well as the emerging property market in t.....
Czech Republic Property Tipped for 2009 Investment
2009-03-26
Czech Republic is expected to come out of the global property recession fairly well........