Emerging-market indicators. (international data on GDP, industrial production, prices, trade balance, foreign exchange, stocks and interest rates)(includes economic information on the Czech Republic)(Brief Article)

Economist (US), The, July, 1996

THE CZECH REPUBLIC: In its first report on the Czech Republic since the country became its 26th member last December, the OECD paints a cheerful picture. The Czechs, it says, have managed the transition from central planning to a market economy "very successfully". It believes that the Czech economy can continue to grow by 5-6% in each of the next two years: the labour force should grow by 1-2% a year, and high investment should lead to continued healthy productivity growth. Unemployment has remained remarkably low, despite the country's still-high participation rate (a legacy of communist days): at about 3%, it is less than half the OECD average. However, the OECD is worried about inflation, which is running at more than twice the club's average: the report describes the...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.