Public Debt in Czech Republic
Czech Republic - Public DebtAvailable hard data suggests growth accelerated in the fourth quarter of 2018, following a subdued third quarter in which economic activity was constrained by tepid consumer spending and a negative performance of the external sector. Industrial production rebounded vigorously and export growth soared in October, boosted by strong car production. In the same month, retail sales bounced back, supported by an extremely tight labor market and rising wages. That said, survey-based indicators for October-December still point to a lukewarm expansion, suggesting the scope of the acceleration could be limited in Q4. In view of a possible future economic slowdown—and of its effects on banks’ balance sheets—in mid-December the Central Bank raised the counter-cyclical capital buffer for banks to 1.75%, which will take effect in January 2020. On the political front, on 20 December the parliament finally passed the 2019 budget, which targets a deficit of 0.7% of GDP and includes hikes in pensions and public sector wages.
Czech Republic - Public Debt Data
|Public Debt (% of GDP)||44.9||42.2||11.0||36.8||34.6|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Facts
|Bond Yield||1.78||-1.85 %||Jan 30|
|Exchange Rate||22.58||-0.66 %||Jan 30|
|Stock Market||1,035||-0.11 %||Jan 30|
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April 11, 2019
Consumer prices rose 0.2% from the previous month in March, following February’s 0.2% month-on-month increase.
April 8, 2019
Industrial production rose 1.5% year-on-year in February, rebounding from January’s 1.0% decline.
March 28, 2019
On 28 March, the Czech National Bank (CNB) kept the two-week repo rate unchanged at 1.75%.
March 25, 2019
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), tumbled from 98.2 points in February to 97.0 in March, a two-year low.
March 15, 2019
Industrial production tumbled 1.1% year-on-year in January, following December’s sharper 1.5% drop.