1. Czech Rates Too Low, But No Change Seen Yet -Central Bankers
(http://www.cnbc.com/id/40452618/)
High-level overview of article:
Czech interest rates are too low and pose a long-term risk but are unlikely to move higher any time soon, two central bankers said on Wednesday. The seven-strong central bank board has kept interest rates on hold at a record low of 0.75 percent since May after reducing them by three percentage points from mid-2008.
Our take:
With electrical and gas prices to rise we would expect inflation go above the 2% target for Q4 2010. We will see what happens with the interest rates then.
2. FinMin: GDP to grow by 2.2% on average this yr
(http://praguemonitor.com/2010/12/06/finmin-gdp-grow-22-average-yr)
High-level overview of article:
Czech economy will grow by 1.8 to 2.7 percent this year, which makes 2.2 percent on average, according to results of a regular survey the Finance Ministry made on the basis of forecasts of fifteen domestic institutions.
Our take:
Interesting predictions made on upcoming years GDP and unemployment. Looks very strong.
3. Czech real estate mkt seen growing 10 pct in 2011
(http://www.reuters.com/article/idUSLDE6B61DR20101207)
High-level overview of article:
The Czech commercial property market will continue its recovery next year with rising interest in offices and shopping centres, but volumes will stay well bellow pre-crisis levels, agent King Sturge said on Tuesday.
Our take:
This is a great indicator of things to come in the residential market.
4. Czech Trade Surplus Widest in 7 Months as Recovery Accelerates
(http://www.bloomberg.com/news/2010-12-07/czech-trade-surplus-widest-in-7-months-as-recovery-accelerates.html)
High-level overview of article:
The Czech Republic’s trade surplus grew to the largest in seven months in October as the economic recovery gathered pace.
Our take:
We had many predictions regarding a double-dip when the car scrapping schemes finished but we continue to see strong demand for Czech products.
5. Czech GDP Growth Accelerates to Fastest in 9 Quarters
(http://www.bloomberg.com/news/2010-12-09/czech-gdp-growth-accelerates-to-fastest-in-9-quarters-update1-.html)
High-level overview of article:
The Czech economy grew at the fastest pace in nine quarters in the three months through September on rising household spending, investment and restocking of inventories.
Our take:
6. November inflation stays flat at 2%
(http://praguemonitor.com/2010/12/10/november-inflation-stays-flat-2)
High-level overview of article:
Czech year-on-year inflation in November stayed at 2 percent, the same level as in the previous two months, the Czech Statistical Office (CSU) said Thursday.
Our take:
Updated/Aktualizováno: July 22, 2014,