OECD Economic Outlook, Volume 2012 Issue 2
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 and an extensive statistical annex.
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Czech Republic
The economy contracted in 2012 due to the impact of fiscal consolidation on private consumption expenditures and the effects on investment of uncertainty about the euro area. The economy is projected to recover slowly in 2013 as domestic demand strengthens and external conditions improve. Indirect tax increases are temporarily boosting inflation, but inflation expectations are well anchored.
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