Czech economy still catching up with western European nations

Czech economy still catching up with western European nations

Published at: 2018-11-26 10:22 | Author: CIJEurope.com
The Czech economy will reach 85 percent of the average of the eurozone countries next year, when measured by GDP per capita. This would put the country ahead of Poland, Hungary, Slovakia and Portugal, according to a macroeconomic study prepared by the Ministry of Finance. However, the relative buying power citizens of all 19 countries of the eurozone rose last year, except for people in Italy, Portugal, Greece and Slovakia. Prices in the Czech Republic last year rose to 66 percent of the eurozone average, from 64 percent in 2016.

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