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...

Slowdown of economic growth occurred as a consequence of overall European slowdown in 2002. The most reliable factor of Czech GDP growth has become private demand of households. The acceleration of Czech economic growth will be strongly determined by the timing and intensity of economic recovery...

In 2003, the economic growth moderately accelerated. The main factor of this acceleration was massive household consumption accompanied by the revival of fixed capital formation. Gradual narrowing of the gap between consumer and investment demand was one of major achievements of 2003, supporting...