Irving, Texas (PRWEB) August 31, 2012
The Czech Republic's economy is one of the most developed, stable, and prosperous economies of the central and eastern European region. The country produced a GDP of US $214.6 billion in the year 2011. There was a slowdown in the progression as the country witnessed a recession in 2009. The economy is likely to grow to $279 billion by 2017.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the socio-political and economical condition of Czech Republic and presents its findings in "Czech Republic Country Analysis: An Evaluation of Political, Social And Business Risk."
The Czech economy went through many ups and downs. The major challenge faced by the country is that it is heavily into exports, 90% of which were Europe itself, mainly with Germany, France, and Slovakia. The European countries were facing recession, which is likely to create an impact on the export ground. Another dominant concern is that the country has a high corruption rate. The country is undertaking efforts to involve other countries in setting up businesses, but the various forms of corruption prevalent here are intensely affecting banking, police, healthcare, and even state administration functioning.
Although the Czech Republic was badly impacted by the current account deficit, the continuous flow of FDI helped keep the deficit completely financed.The Czech Republic's accession to the EU has been the reason behind the country enjoying strong foreign exchange reserve and also unlimited capital transfer.
To carry on with the overall growth performances,the Czech government needs to stabilize its government policies. Lucintel’s report analyzes political, economical, social, technological and business risk analysis of Czech Republic.
For a detail table of contents and pricing information on these timely, market reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com.Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight and cost efficiency.