Economy searches for growth, answers

Dec. 23, 1998
Three quarters of GDP decline, falling exports may force changes Czechs can spend their way out of the deepening recession by mid-1999, economists said, but structural economic changes at home and revived exports are needed for longer-lasting growth.
It's the same old story, analysts said, but three consecutive quarters of negative gross domestic product (GDP) — showing the country plunging deeper into recession — may finally force Czech industry and the country's government leaders to make changes.