OECD Economic Outlook, Volume 2013 Issue 1
The OECD Economic Outlook is the OECD’s twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, chapters summarising developments and providing projections for each individual country, a special chapter on growth prospects and fiscal requirements over the long term, and a statistical annex.
Czech Republic
The economy is expected to pick up from mid-2013 onwards, as exports recover slowly from the negative impact of the euro crisis and improving business and consumer confidence support domestic demand. Needed fiscal consolidation is weighing on domestic demand. Growth is projected to be too low to prevent a further widening of the output gap, implying continued weak inflation.
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