Ensuring coherence with the Europe 2020 Strategy Sample Clauses

Ensuring coherence with the Europe 2020 Strategy. 1.1 Analysis of disparities, development needs and the growth potential Macroeconomic situation in the Czech Republic After the slight economic recovery in 2010 and 2011, following the economic recession, the GDP growth of the Czech Republic was again negative in 2013 and 2013 (-1.0% in 2012 and -0.9% in 2013). In the fourth quarter of 2013, there was an annual increase (compared to the 4th quarter of 2012) of + 1.2%, compared to the previous quarter the increase started already in the 2nd quarter of 2013.2 Some partial indicators of the development of the Czech economy in the first months of 2014 confirm an accelerating positive trend. According to the forecasts of CZSO, GDP should be rising by 1.7% in 2014. From the beginning of the economic recession in 2008, the Czech Republic has not managed to build on the previous successful period of a significant economic growth. Compared to 2008 the GDP of the Czech economy in 2012 was 1.2% lower; the GDP increase for the whole EU in the same period amounted to 3.4%. German economy, which is significantly interconnected with the Czech economy, increased its performance by 6.9%, Austrian economy by 10% and Slovak economy by nearly 11%.3 The decreasing household final consumption expenditure contributed most to the renewal of recession as the household expenditure decreased interannually by 3.6% in 2012. The long- term crisis of the construction industry continued. The value of construction work in the Czech Republic in 2012 was by 23% lower than in 2008 and since 2008 to 2013 it kept dropping every year. In 2012, the industrial production recorded a minor drop, however, from December 2012 on, the drop became significantly more prominent. In March 2013, the interannual drop in industrial production was 6%. In the 2nd quarter of 2013, the situation changed and industrial production started to grow; the year-on-year growth in the 4th quarter of 2013 reached 6%. Despite the recovery of industrial production in 2013, but with an overall drop in economy in the respective year, the situation on the Czech labour market remains unfavourable. In 2008- 2012 the employment in the Czech economy decreased by 112 thousand persons 4and in view of the continuing recession, we can expect that this decrease will continue. The former growth engines - mostly the processing industry and construction - contributed to the drop most. Compared to mid-2008 when the recession started, the number of the unemployed increased by more than quart...
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Related to Ensuring coherence with the Europe 2020 Strategy

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