Ernst &Young: the Czech economy to rise by 4.3 percent in 2015

The Czech economy will expand by 4.3 percent this year and by 2.6 percent in 2016, consulting company Ernst &Young has said in its latest forecast. Other financial institutions are predicting a rise of over 4 percent for the current year as well. Czech growth will be bigger than the euro zone´s. The noted consulting firm put expansion in the euro area at 1.6 percent this year and at 1.8 percent next year. "Investment will be the fastest-growing component of GDP thanks to public expenditures," said Jan Fanta, a managing partner of corporate consulting and risk management at the firm.

Author: Jan Velinger