A Very Good Year…

2005 promises to have been a very positive year for the Czech economy, as the benefits of joining the EU in the previous year are realised. Annualised GDP growth reached 4.9% in Q305, and we expect it to end the year at 4.9%, whilst the export-led nature of the robust expansion is keeping inflation at a relatively unthreatening level. In addition, the state budget, which was originally highlighted as one of the principal areas of economic weakness, consistently outperformed targets throughout 2005, and FDI levels remain high for the region. We expect preparations for adopting the single European currency, currently

To read the full article, please choose one of the following options: