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.
Showing posts with label 1998. Show all posts
Showing posts with label 1998. Show all posts
Friday, October 09, 2009
Economic balancing act for Mertlik
Aug. 5, 1998
Pavel Mertlik walks a tightrope stretched between not only regeneration of the Czech economy and the country's burdened budget but also between expectations and reality.
That puts Mertlik, the newly anointed deputy prime minister responsible for economic policy, in a difficult position. As the Social Democratic (CSSD) government considers cutting corporate taxes, Mertlik also is pushing for increased taxes on cigarettes, alcohol and gas. In addition, he is promoting industrial restructuring that likely will boost unemployment.
It's the kind of talk that many investors have been waiting to hear. But Czechs, Mertlik said, may be baffled.
Pavel Mertlik walks a tightrope stretched between not only regeneration of the Czech economy and the country's burdened budget but also between expectations and reality.
That puts Mertlik, the newly anointed deputy prime minister responsible for economic policy, in a difficult position. As the Social Democratic (CSSD) government considers cutting corporate taxes, Mertlik also is pushing for increased taxes on cigarettes, alcohol and gas. In addition, he is promoting industrial restructuring that likely will boost unemployment.
It's the kind of talk that many investors have been waiting to hear. But Czechs, Mertlik said, may be baffled.
Subscribe to:
Posts (Atom)