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Czechs are indifferent to current economic climate

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Despite real growth, Czechs are lukewarm about the economy, says study

By BOHEMIST STAFF

Well, it could be worse. Nearly half of Czechs are indifferent to the current economic climate, while 32 percent would go as far as to call it ‘good,’ according to a recent study evaluating the attitudes of Czechs.

The survey, conducted by the The Institute of Sociology of the Czech Academy of Sciences, reveals that despite solid and consistent factual economic growth in the Czech Republic over the past several years (GDP growth stood at 4.5 percent as of Q3 2015), 41 percent of Czechs surveyed view the current climate as neither good nor bad, while 49 percent believe it is unlikely to tilt one way or the other in the near future.

Luckily, the those who are positive about the economy outweigh those who do not, as 32 percent view the situation as good, while 53 percent percent share the same optimism regarding the current living standard in the Czech Republic. Contrary to those views however, 24 percent of the 1,000+ surveyed believe the country’s economic situation to be in a bad place while 20 percent believe it will worsen in the future.

The Organisation for Economic Cooperation and Development (OECD) predict the Czech Republic to achieve 2.6 percent GDP growth for the current year.

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