Czech Republic's GDP expected to go down in 2012
The Czech Republic´s GDP is expected to go down 0.3% in 2012 while it is set to climb 1.5% in 2013, according to the quarterly economic prognosis, Ernst & Young Eurozone Forecast. Moderate economic growth is expected to be resumed in the eurozone in 2013. As Germany is expecting weaker growth this year and the EU is tackling a slight recession, the forecast for the Czech Republic also remains fairly negative, according to the study.
Source: Daily News Czech AM, www.cianews.eu