At the beginning of the economy remains in recession 2012
Improving the development of domestic economy, according to analysts should occur in the second half. Until then, the economy is likely to face the recession and for the full year 2012, gross domestic product to stagnate, while analysts do not exclude even a slight decline, even moderate economic growth. Technically, while the domestic economy is already in recession when two consecutive quarters of GDP declined.
Czech economy in 2011 grew by 1.7 percent. In last year's fourth quarter gross domestic product (GDP) compared to the same quarter of 2010 according to the updated estimate grew by 0.6 percent. Quarter on quarter GDP in the last quarter of 2011 dropped by 0.1 percent.
"We're probably at the bottom of the current economic cycle, and therefore we assume that the first half of this year will be clearly marked by a recession. Improvements can be expected only after the end of the year when the economy begins to decline when inflation and will probably also improve the situation on the markets of the euro area, "said CSOB analyst Petr Dufek.
According to him it is not possible if the structure of the economy this year either to rely on domestic demand. "Growing unemployment, declining real wages, firms and the state of your investment limit and the performance of the Czech economy this year will be entirely in the hands of exporters," he added.
I Komercni banka analyst Miroslav Frayer would significantly to GDP growth was only contribute to net exports. "The whole of this year, we expect GDP to grow by only 0.1 percent after 1.7 percent last year," he said.
Raiffeisenbank analyst Vaclav Franče contrary, this year expects a decline of 0.2 percent. "This is a more optimistic estimate than the previous decline of 1.2 percent. The upward revision we decided therefore that long-term refinancing operations of the European Central Bank to improve credit availability and thus to enhance the estimate of growth in the euro area, which is heading the vast majority of our exports, "he said.
Comparison
In international comparison, the Czech growth Next Finance analyst Vladimir Pikora "flipping". "The German economy grew in the fourth quarter by 1.5 percent, the Slovak economy by 3.4 percent, Poland 4.2 percent even on the verge of bankruptcy and moving to Hungary grew by 1.4 percent. Everyone is growing faster than the CR. It appears therefore that while the Slovaks and Poles still in GDP per capita is catching up with the Germans, Czechs not and it takes a long time. I'm afraid we're going through Portuguese, "he added. He counts this year with a decline of 0.7 to 1.2 percent.
Czech economy in 2011 grew by 1.7 percent. In last year's fourth quarter gross domestic product (GDP) compared to the same quarter of 2010 according to the updated estimate grew by 0.6 percent. Quarter on quarter GDP in the last quarter of 2011 dropped by 0.1 percent.
"We're probably at the bottom of the current economic cycle, and therefore we assume that the first half of this year will be clearly marked by a recession. Improvements can be expected only after the end of the year when the economy begins to decline when inflation and will probably also improve the situation on the markets of the euro area, "said CSOB analyst Petr Dufek.
According to him it is not possible if the structure of the economy this year either to rely on domestic demand. "Growing unemployment, declining real wages, firms and the state of your investment limit and the performance of the Czech economy this year will be entirely in the hands of exporters," he added.
I Komercni banka analyst Miroslav Frayer would significantly to GDP growth was only contribute to net exports. "The whole of this year, we expect GDP to grow by only 0.1 percent after 1.7 percent last year," he said.
Raiffeisenbank analyst Vaclav Franče contrary, this year expects a decline of 0.2 percent. "This is a more optimistic estimate than the previous decline of 1.2 percent. The upward revision we decided therefore that long-term refinancing operations of the European Central Bank to improve credit availability and thus to enhance the estimate of growth in the euro area, which is heading the vast majority of our exports, "he said.
Comparison
In international comparison, the Czech growth Next Finance analyst Vladimir Pikora "flipping". "The German economy grew in the fourth quarter by 1.5 percent, the Slovak economy by 3.4 percent, Poland 4.2 percent even on the verge of bankruptcy and moving to Hungary grew by 1.4 percent. Everyone is growing faster than the CR. It appears therefore that while the Slovaks and Poles still in GDP per capita is catching up with the Germans, Czechs not and it takes a long time. I'm afraid we're going through Portuguese, "he added. He counts this year with a decline of 0.7 to 1.2 percent.
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