Comenius University, Faculty of Management, Odbojárov 10, Bratislava Slovakia
Comenius University, Faculty of Management, Odbojárov 10, Bratislava Slovakia
Comenius University, Faculty of Management, Odbojárov 10, Bratislava Slovakia
Economists Association of Belgrade, Zmaj Jovina 12, Belgrade Serbia
University of Kragujevac, Faculty of Agronomy in Čačak, Cara Dušana 34 Serbia
The economy of the Czech Republic is open and depended on the economic development in the European Union. The pandemics Covid-19 and inflation have affected negatively the Czech economy as well as economies in the whole European Union in the similar extent. The world` s economy is quickly returning to the pre-crisis period of economic activity and it was predicted that it would happen in the second half of 2024. However, economy was affected by inflation and energetic crisis that made the growth slower again. The return of the Czech economy to the pre-crisis level was expected to be at the beginning of 2024 but it will be slowed down by the inflation crisis. The Czech economy has been slowed down by the Covid-19 pandemics, inflation, energetic crisis and the lack of components what has been reflected in export. Economic factors that perform in the Czech Republic are foreign investments, entrepreneurial activities that have many positive effects for the growth of the particular economy and at the same time also the development of living standard.
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