Latest economical data of Czech Republic

15.11.2010

Newest economical results of the Czech Republic were published in last week by responsible Czech authorities.

 

The gross domestic product increased by 3.0% y/y and 1.1% q/q in Q3 2010. This stems from the preliminary estimate adjusted for seasonal and calendar influences, published by the Czech Statistical Office (CSÚ) on Friday November 12. CSÚ estimates that total employment rate increased by 0.5% q/q and is similar to Q3 2009.

The deficit of the current account of payment balance increased slightly in September by CZK 0.5 bln m/m to CZK 18.6 bln. The information was provided by the Czech National Bank (CNB). According to the bank, the deficit was influenced primarily by the development of the income balance deficit.

The economic growth is expected to slow down to 1.2% in 2011. According to the Czech National Bank´s (CNB) prediction, the inflation will be moving around the inflation target of 2% in the next two years. More significant economic recovery will occur in 2012. This stems from the latest Inflation Report, published by the Czech National Bank on Friday November 12.

Source: Daily News Czech AM, www.cianews.eu