The Czech economy has been suffering through one of the worst economic periods in the country's history.
country recorded four consecutive quarters of decreasing gross domestic
production (GDP) in 2012, the worst period since 1997. Its economy
shrank by 1.7 percent year on year for the whole year.
The Czech National Bank forecast that the Czech economy would contract by 0.3 percent in 2013,Vintage tubs before returning to growth in 2014. The consulting company Ernst & Young is even less optimistic,Antique bath fixtures expecting a contraction of 0.5 percent.
bright spot for the Czech economy lies in the export sector, which saw
an expansion of 4.1 percent at an annualized rate in the fourth quarter
of 2012, despite the otherwise difficult situation of the Czech economy.
the European debt crisis, the government both raised taxes and cut
spending as a way of dealing with dwindling tax receipts, harming an
already fragile economy.
Even the government has acknowledged this may not have been the best strategy,tire changer and has announced that starting in 2014 it will ease the cuts and increase investment.
The Czech Republic's debt stood at 43.9 percent of GDP at the end of 2012,stainless steel kitchenware far
below the rate of most industrialized countries, making experts and the
opposition parties believe that more stimulus measures were
is expected that the recession will bottom out in the middle of 2013,
returning to growth by 2014. Assuming that that the European Union can
solve the crisis, the country should be able to see modest growth
through to 2020.tyres and wheels service & repair equipment