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Wednesday, December 15, 2010

C/A deficit widens 7 times to EUR 3.5bn in Jan-Oct.


Source: IntelliNews - Czech Republic Today


C/A deficit widens 7 times to EUR 3.5bn in Jan-Oct. The Czech Republic’s current account deficit widened by 624.2% y/y to CZK 90.2bn (EUR 3.5bn) in Jan-Oct, accounting for 2.5% of the projected GDP, preliminary data of the central bank showed. The higher deficit was mainly a result of the CZK 231.6bn deficit on the income account, which rose by 10.7% y/y in Jan-Oct and by 59% y/y in October alone. Moreover, the services account...


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