Politická ekonomie 2002, 50(3) | DOI: 10.18267/j.polek.362
Rok 2002: zpomalí česká ekonomika?
The year 2002 in the czech economy: a slowdown?
Economic growth continued despite overall slowdown of world economy in 2001, due to strong domestic demand. Inflationary pressures remained under control as well as external imbalance. Czech exporters proved to be able to compete on demanding world markets even under weak demand and strong exchange rate of CZK. Strong inflow of FDI and solid macroeconomic fundamentals have been the main factors behind the strengthening of the Czech currency which seems to be resistant to monetary policy steps. Trends in the Czech economy in 2002 will be strongly determined by the timing and intensity of economic recovery in the US and Western Europe. Anyway, both parts of domestic demand - investment demand and private demand of households - are expected to continue in solid growth in 2002.
Keywords: economic growth, inflation, investment demand, consumer demand, world economic recovery, foreign direct investments
Published: June 1, 2002 Show citation
This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.