Fiscal Balance in Czech Republic

Czech Republic Fiscal Balance | Economic News & Forecasts

Czech Republic - Fiscal Balance

Incoming data points to a further loss of momentum in the last quarter of 2019, after economic growth eased in the third quarter amid weaker domestic demand. Industrial output contracted again, and more sharply than in the previous quarter, as weak German industry continued to take a toll on the key automotive segment. On the demand front, although the job market continued to hold extremely tight, retail sales growth cooled and consumer confidence deteriorated in the quarter, suggesting that private consumption waned further towards year-end. A marked decline in merchandise imports in the same period also hint at domestic activity losing pace. Going forward, survey data paints a fairly similar picture at the turn of 2020: In January, consumer confidence fell to an over five-year low on households’ gloomier assessment of the economic situation ahead, while the manufacturing PMI, though it improved, still showed an industry that is struggling to recover.

Czech Republic - Fiscal Balance Data

2014   2015   2016   2017   2018  
Fiscal Balance (% of GDP)-2.1  -0.6  0.7  1.6  1.1  

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Czech Republic Facts

Value Change Date
Bond Yield1.64-1.85 %Dec 31
Exchange Rate22.76-0.66 %Dec 30

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