Czech Republic GDP to Reach Pre-Crisis Level by end of 2011 – CNB Singer

Czech Point 101 November 25, 2014 @ 2:35PM

by | Apr 6, 2011 | Uncategorized

Czech GDP to reach pre-crisis level by the end of 2011

Miroslav Singer of the CNB predicts Czech GDP will reach pre-crisis levels by the end of 2011.

In the business brunch to the American Chamber of Commerce on April 5th, 2011 Miroslav Singer expressed his prediction that the Czech GDP would reach pre-crisis levels by the end of this year.

Regarding the increased number of Czech mortgage loans given in the first part of 2011 he said: “The recently renewed growth in new loans for house purchase and falling retail rates are indicating stabilization of the housing loan market”.

His presentation, which can be viewed online in PDF, also had the following two graphs which are particularly relevant for property investors.

Czech mortgage loans increased substantially in 2011.

Czech mortgage loans increased substantially in the first part of 2011.


The CZK has appreciated steadily against the EUR.

The CZK has appreciated steadily against the EUR.

















Updated/Aktualizováno: November 25, 2014, Czech Point 101

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