BUSINESSEUROPE awaits a two-percent growth
The Czech GDP growth could be as 4,3 percent in 2015.
The slight economic recovery in the EU, recorded in the last months, should continue. Such is the estimation of the Confederation of European Business (BUSINESSEUROPE) published in its regular Autumn Economic Outlook based on the consolidation of predictions from the individual member associations in Europe in which the Confederation of Industry of the Czech Republic took part as well.
The real GDP growth prediction for 2015 makes up 2 percent for the EU and 1,7 percent for the eurozone in comparison to the numbers published in the BUSINESSEUROPE’s spring prediction (1,9 and 1,6 percent, respectively). In the 2016, the BUSINESSEUROPE predicts a very similar growth, namely 2 percent for the EU and 1,8 percent for the eurozone.
The data delivered by the Confederation of Industry of the Czech Republic and based on the numbers of the Czech Statistical Office (ČSÚ) are, on the contrary, very optimistic. According to them, the Czech GDP should grow at least 4,3 percent in 2015 which is today the best result in the EU. In July, the economists predicted a 2,6-percent growth, but the results, especially those of the Czech industry and export, as well as the consumption growth in the last months were excellent.
The domestic demand in the EU remains the driving force of growth as the private consumption will rise 2,2 percent in 2015, the BUSINESSEUROPE says. The investment will grow 3 percent in 2015 and 4 percent in 2016.
According to the BUSINESSEUROPE’s prediction, the labour market should stabilize further as the unemployment rate will drop from 10,2 percent in 2014 to 9 percent in 2016. In comparison to it, the actual unemployment rate and its predictions in the Czech Republic are even more optimistic (6 percent).
In its Autumn Economic Outlook, the BUSINESSEUROPE nevertheless mentions the risks that could endanger the stability of the economic development in the EU, namely the latest Chinese financial market turbulences, migration crisis and its potential impacts on the public spending and the cross-border goods flow and the scandal around the VW cheating pollution emissions tests.
The slight economic recovery in the EU, recorded in the last months, should continue. Such is the estimation of the Confederation of European Business (BUSINESSEUROPE) published in its regular Autumn Economic Outlook based on the consolidation of predictions from the individual member associations in Europe in which the Confederation of Industry of the Czech Republic took part as well.
The real GDP growth prediction for 2015 makes up 2 percent for the EU and 1,7 percent for the eurozone in comparison to the numbers published in the BUSINESSEUROPE’s spring prediction (1,9 and 1,6 percent, respectively). In the 2016, the BUSINESSEUROPE predicts a very similar growth, namely 2 percent for the EU and 1,8 percent for the eurozone.
The data delivered by the Confederation of Industry of the Czech Republic and based on the numbers of the Czech Statistical Office (ČSÚ) are, on the contrary, very optimistic. According to them, the Czech GDP should grow at least 4,3 percent in 2015 which is today the best result in the EU. In July, the economists predicted a 2,6-percent growth, but the results, especially those of the Czech industry and export, as well as the consumption growth in the last months were excellent.
The domestic demand in the EU remains the driving force of growth as the private consumption will rise 2,2 percent in 2015, the BUSINESSEUROPE says. The investment will grow 3 percent in 2015 and 4 percent in 2016.
According to the BUSINESSEUROPE’s prediction, the labour market should stabilize further as the unemployment rate will drop from 10,2 percent in 2014 to 9 percent in 2016. In comparison to it, the actual unemployment rate and its predictions in the Czech Republic are even more optimistic (6 percent).
In its Autumn Economic Outlook, the BUSINESSEUROPE nevertheless mentions the risks that could endanger the stability of the economic development in the EU, namely the latest Chinese financial market turbulences, migration crisis and its potential impacts on the public spending and the cross-border goods flow and the scandal around the VW cheating pollution emissions tests.
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section BUSINESSEUROPE