Czech Republic 2014

Czech Republic 2014 by Organisation for Economic Co-operation and Development


Authors
Organisation for Economic Co-operation and Development
ISBN
9789264206793
Published
Binding
Paperback
Pages
118

OECD's 2014 review of the economy of the Czech Republic examines recent economic developments, prospects and policies. Special chapters cover completing the transition to a competitive domestic economy and strengthening skill use and school-to-work transitions.The economy has remained weak for longer than many other OECD countries and a hesitant export-led recovery is materialising, but significant reductions of the output gap are unlikely to take place over the short-term, raising the risk of deflation. Also, the income convergence process regarding the euro area has stalled, reflecting the recession and a decline in potential growth, reflecting decelerating investment and productivity. The main policy challenges are to sustain the recovery and raise potential growth, pointing to a need for developing a more competitive service sector and better school-to-work transition as discussed in Chapter 1 and 2, respectively.
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